Coral India Finance & Housing Ltd Approves Unaudited Financial Results and Recommends Final Dividend
Coral India Finance & Housing Limited announced several key outcomes from its Board of Directors meeting held on August 12, 2026. The company approved the Unaudited Standalone Financial Statements for the quarter ended June 30, 2026. Furthermore, the Board confirmed the convening details for the upcoming Annual General Meeting (AGM) and recommended a final dividend to its shareholders.Key Decisions and Shareholder Events
The Board of Directors decided on multiple items during its meeting. The company is scheduled to hold its 32nd Annual General Meeting (AGM) on Friday, September 11, 2026. This AGM will be conducted through Video Conferencing or other Audio-Visual Means at 11:00 a.m. IST.
Regarding dividends for the financial year ended March 31, 2026, the Board recommended a final dividend of 10% on the equity share, which has a face value of ₹ 2 each. This translates to a payment of ₹ 0.20 (20 Paise) per share. The Record Date for determining members' entitlement to this final dividend is set as August 28, 2026. If approved by shareholders, the dividend is slated for payment on or before October 10, 2026.
Financial Performance Summary
The company's primary business activities revolve around Investment and Constructions segments. The Unaudited Financial Statements for the quarter ended June 30, 2026, reflect performance across both segments.
Total income for the quarter stood at 600.64 Lakhs, comprising Revenue from operations (372.77 Lakhs) and Other Income (224.57 Lakhs). Total expenses were recorded at 49.37 Lakhs, which included Employee benefits expense (22.61 Lakhs), Other expenses (65.19 Lakhs), and Depreciation expense (0.85 Lakhs).
The results for the quarter ended June 30, 2026:
- Showed a Total Profit before Exceptional Items & Tax of 511.31 Lakhs.
- Reported a Total Profit before tax of 511.31 Lakhs.
- Culminated in a Total Profit for the period of 447.41 Lakhs.
The company’s segment-wise performance is detailed below, comparing the latest unaudited results with corresponding figures:
| Segment | Revenue (Lakhs) Q ended June 30, 2026 (Unaudited) | Profit before Tax (Lakhs) Q ended June 30, 2026 (Unaudited) |
|---|---|---|
| Investment | 600.68 | 511.31 |
| Constructions | - | (5.27) |
| Total | 600.64 | 524.18 |
Management highlights that Segment Revenue for Investment includes Rent Income, Interest on Fixed Deposits and Other Financial Income. The total assets of the company stood at 25,058.12 Lakhs for the quarter ended June 30, 2026.
The Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026.
CORALFINAC Stock Price Movement
Shares of Coral India Finance & Housing Limited shed value on Wednesday, closing down 0.57% at ₹32.86 in trading. The stock saw a volume of 171,223 shares traded throughout the session, remaining within an intraday band spanning from ₹32.51 to ₹33.99.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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