Coastal Corporation Reports Unaudited Q1 FY2026 Results; Approves Key Corporate Actions

Coastal Corporation Reports Unaudited Q1 FY2026 Results; Approves Key Corporate Actions​

Coastal Corporation Limited, recognized by the Government of India as a Three Star Export House, reported its unaudited standalone and consolidated financial results for the first quarter (Q1) ended on June 30, 2026. The company’s Board of Directors reviewed these results and approved several significant corporate actions during their meeting held on August 3, 2026.

Key operational approvals sanctioned by the Board included registering the company as a Trader with the Food Corporation of India (FCI) for procurement of rice and other eligible food grains. The board also addressed the re-appointment of Smt. Feeja Valsaraj. Furthermore, the Annual General Meeting (AGM) was scheduled for Thursday, August 21, 2026, to be held via video conference or another audio visual means (OAVM).

Financial Performance Review​

The company’s results were presented in two parts: standalone and consolidated financials, as well as the report from its statutory auditors regarding the limited review of standalone figures.

Standalone Unaudited Results (Q1 FY2026)​

For the quarter ending June 30, 2026, Coastal Corporation reported revenue and profit across various segments. The segment performance data is summarized below:


The company's total expenses for the quarter amounted to 16,406.53 Lakhs, including costs of materials consumed (11,172.26), employees benefits expenses (600.61), and other expenses (4,595.02).

The net profit for the period stood at 545.60 Lakhs, while the total comprehensive income was 535.47 Lakhs. The Earnings Per Share (EPS) for the quarter were reported as 0.81 (basic) and 0.81 (diluted).

Consolidated Unaudited Results (Q1 FY2026)​

The consolidated results incorporate the performance of its subsidiaries: Continental Fisheries India Limited, Coastal Biotech Private Limited, and Seacrest Seafoods, Inc., USA.

For the quarter ended June 30, 2026, Total Revenue stood at 26,215.27 Lakhs. The total expenses for the period were 17,747.31 Lakhs. Net profit for the period was 575.52 Lakhs, and the total comprehensive income amounted to 565.39 Lakhs.

The consolidated results demonstrate strong revenue generation from operations in manufacturing goods (23,623.58 Lakhs), sale of trading goods (1,688.49 Lakhs), and Solar Power unit (75.81 Lakhs).

Corporate Governance and Management Details​

The Board meeting also approved the re-appointment of Smt. Feeja Valsaraj, who retires by rotation. The details provided for Mrs. Valsaraj include:

Analyst Review Highlights​

The report conducted by the Chartered Accountants noted that the Board of Directors approved the investment made in M/s. Seacrest Seafoods Inc., a wholly owned foreign subsidiary company. The management stated that this investment does not suffer from any impairment loss as at June 30, 2026, given expectations of a substantial refund for tariff paid to the US government based on Supreme Court instruction.

Market Data Summary​

COASTCORP Stock Price Movement​

Coastal Corporation Limited shares today rallied, posting a 4.07% gain during post-market trading and settling at ₹50.83. The stock saw significant investor interest, amidst robust volume totaling 856,386 shares.