As per attachment.
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Eastcoast Steel Ltd reported its Q1 FY26 standalone results, showing revenue from operations of just Rs 0.85 lakh, a sharp fall from Rs 326.59 lakh in the same quarter last year. However, other income of Rs 50.43 lakh (vs Rs 20.35 lakh earlier) boosted total income to Rs 51.28 lakh. The company swung to a net profit of Rs 14.65 lakh compared to Rs 12.19 lakh in Q1 FY25, with EPS of Rs 0.26. Total expenses also dropped sharply to Rs 39.82 lakh from Rs 356.34 lakh. The Board also approved the re-appointment of M/s Paresh Rakesh & Associates LLP as statutory auditors for 5 years, subject to shareholder approval. The company's manufacturing plant has been shut since April 1995, and it now operates only as a trader of iron & steel products in international markets.
The near-zero revenue from operations raises concerns about core business activity, but reliance on other income has kept the company marginally profitable. Shareholders should note the continued legal disputes at NCLT Chennai and the very thin operating base, which makes the stock highly speculative.