In continuation to our letter dated 06th February, 2026 and pursuant to Regulation 30 and 33 and other applicable provisions of the SEBI Listing Regulations, we enclose the Statement ....
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Eastcoast Steel's board, at its meeting on February 13, 2026, approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Revenue from operations for the nine-month period collapsed to just ₹0.85 lakhs, down sharply from ₹1,225.03 lakhs in the same period last year, with Q3 alone posting zero operating revenue. Despite the revenue drought, the company swung to a net profit of ₹27.29 lakhs for the nine months, compared to a loss of ₹27.10 lakhs earlier, helped mainly by other income of ₹117.40 lakhs. Earnings per share stood at ₹0.51 for the nine months versus a negative ₹0.50 a year ago. The auditor (Paresh Rakesh & Associates LLP) issued an unqualified review report, and prior period figures were restated/regrouped for comparability. Notes also flag ongoing NCLT/NCLAT legal proceedings, including a fresh petition by Suresh Kumar Jalan & others adjourned to February 27, 2026.
The near-zero operating revenue is a major red flag for shareholders, though the company has managed to stay marginally profitable on other income. Combined with a dormant manufacturing setup since 1995 and pending litigation, this points to an uncertain business outlook and likely volatility in the stock.