Blue Coast Hotels Limited Approves Standalone and Consolidated Financial Results for March Quarter
Blue Coast Hotels Limited announced that its Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.The Board meeting regarding the results was held on Tuesday, May 5, 2026. The company issued the results along with a limited review report from its Statutory Auditors.
Quarterly Financial Overview
The company's standalone financial results for the quarter ended March 31, 2026, and the year to date results for the period from April 1, 2025, to March 31, 2026, were audited by Virender K Jain & Associates, Chartered Accountants. The auditors confirmed that the financial results presented a true and fair view of the net Profit/Loss and other comprehensive income.In the consolidated view, the financial results incorporated the activities of Blue Coast Hotels Limited, Blue Coast Hospitality Limited, and Golden Joy Hotels Private Limited.
Standalone Financial Highlights (Rs. in Lakhs)
The audited standalone statements reveal the following performance metrics:| Particulars | Quarter ended 31.03.2026 (Audited) | Year ended 31.03.2026 (Audited) |
|---|---|---|
| Total Income | 128.45 | 243.48 |
| Total Expenses | 112.62 | 369.23 |
| Net Profit for the period (5-6) | (13.49) | (208.07) |
| Total Comprehensive Income | (23.04) | (233.28) |
The standalone Statement of Assets and Liabilities at March 31, 2026 (Audited), shows total assets of 485.39 Rs. in Lakhs, compared to 584.03 Rs. in Lakhs as at March 31, 2025.
Consolidated Financial Highlights (Rs. in Lakhs)
The consolidated results for the quarter and year ended March 31, 2026, showed a significant change in the company’s financial position.| Particulars | Quarter ended 31.03.2026 (Audited) | Year ended 31.03.2026 (Audited) |
|---|---|---|
| Total Income | 128.45 | 243.48 |
| Total Expenses | 113.16 | 370.47 |
| Net Profit for the period (7) | (14.03) | (209.31) |
| Total Comprehensive Income | (23.58) | (234.52) |
The consolidated Balance Sheet for March 31, 2026, showed total assets of 691.73 Rs. in Lakhs, compared to 790.67 Rs. in Lakhs as at March 31, 2025.
Financial Status and Operational Challenges
The company's financial statements highlight several material aspects regarding its current operational status.The Board noted that the Company has been incurring substantial expenses, resulting in significant operational losses, leading to a negative net worth as of March 31, 2026.
Key points of note include:
- The Company handed over the possession of its sole operational asset, 'Park Hyatt Goa Resort & Spa', during the financial year ended March 31, 2019, which significantly affected the ability to continue as a going concern.
- The company is currently in default with respect to the payment of dividend on redeemable preference shares amounting to Rs. 485.27 lakhs and the redemption of the 0.01% Redeemable Preference Shares, which stands at Rs. 551.89 lakhs, both due on March 31, 2026.
- Management stated that these expenses are deemed necessary to support proposed future operations and to address pending litigations.
- While the financial statements for the quarter ended March 31, 2026, were prepared on a going concern basis, the accumulated operational losses and negative net worth indicate that a material uncertainty exists regarding the company's ability to continue as a going concern.
Cash Flow Summary (Rs. in Lakhs)
The consolidated cash flow statement provides insight into cash generation and usage:| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Net Profit/(Loss) before Tax and extraordinary items | (179.99) | 8,083.20 |
| Cash generated from Operation (Section A) | 401.52 | 1.31 |
| Net Cash Generated/(Used) in Operating Activities (Section B) | 372.20 | (8,29) |
| Net Cash Generated/(Used) in Investing Activities (Section B) | 43.19 | (110.92) |
| Net Cash Generated/(Used) in Financing Activities (Section C) | (409.48) | 179.29 |
| Net Increase/(Decrease) in Cash and Cash equivalents (A+B+C) | 5.91 | (13.92) |
BLUECOAST Stock Price Movement
As of 2:53 PM, Blue Coast Hotels Limited shares are slipping by 0.07% in live trading, currently dropping to ₹29.52. The stock has seen moderate movement today, trading on a total volume of 517 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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