As per Attachment.
Price
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Awaiting price reaction for this filing.
Eastcoast Steel reported Q2 FY26 standalone results with revenue from operations at virtually zero (₹0.00 lakh vs ₹215.36 lakh in Q2 FY25) and H1 FY26 revenue of just ₹0.85 lakh versus ₹1,225.03 lakh in H1 FY25, a near-total collapse in trading sales. The company swung to a net profit of ₹19.47 lakh in H1 FY26 from a loss of ₹57.83 lakh in H1 FY25, but this profit came entirely from 'other income' of ₹85.47 lakh, not from operations. Operating cash flow was negative at ₹(71.39) lakh in H1 FY26, and short-term borrowings rose sharply to ₹455.61 lakh from ₹255.41 lakh as of March 2025. The company remains a trading-only entity, as its manufacturing plant has been shut since April 1995, and IBC-related legal proceedings against it continue, though a recent NCLT order went in the company's favour.
Investors should be cautious — the headline profit is misleading because core trading revenue is nearly nil and the bottom line is propped up by 'other income'. Negative operating cash flow and rising borrowings raise concerns about the sustainability of operations, and ongoing IBC litigation remains an overhang on the stock.