Coastal Corporation Ltd

Coastal Corporation Ltd announced upgrades to its bank facilities by CARE Ratings Limited, with the Long Term Bank Facilities enhanced to CARE B+; Stable from CARE D; Stable outlook, and the Long Term/Short Term Bank Facilities upgraded to CARE B+; Stable / CARE A4 from CARE D / CARE D; Stable outlook. CARE Ratings Limited also assigned a stable outlook to the upgraded ratings, and noted Term Loans from Bank of India (amounting to 29.60 with 36 monthly installments commencing January 2027), Term Loans from Union Bank of India (25.94 with 36 monthly installments commencing January 2027), Term Loans from DBS Bank Limited (9.74 with monthly installments), Term Loans from HDFC Bank Ltd. (3.00 with quarterly installments), Fund Based Limits from Bank of India (140.00, EPC/PSC), and Fund Based Limits from Union Bank of India (120.00, EPC/PSC), alongside Fund Based Limits from DBS Bank Limited (13.50); CareEdge Ratings provided a rating reflecting opinions as on the date of the rating for unspecified bank facilities/instruments, while noting the issuer is not cooperating with CARE Ratings for certain facilities, triggering a review, and no rating data was provided by CARE Ratings Ltd. or present for other instruments.

Coastal Corporation Ltd announced ratings actions from multiple agencies, including CARE Ratings Limited, Crisil Ratings, and CareEdge Ratings, with no rating information available from an unknown agency. CARE Ratings Limited re-affirmed the rating for Long-term / Short-term bank facilities at D, downgraded Long Term Bank Facilities to CARE D (previously CARE BB; Stable), and downgraded Long Term / Short Term Bank Facilities to CARE D / CARE D (previously CARE BB; Stable / CARE A4), while also reaffirming the rating for Long-term bank facilities at BBB+ with a Rs 500 crore limit, assigned on January 15, 2024; furthermore, CARE Ratings Ltd. placed Bank Facilities under review due to the ISSUER NOT COOPERATING, and Crisil Ratings upgraded the Commercial Paper Program to A1+ for a Rs 100 crore amount, dated March 1, 2024, alongside noting that CareEdge Ratings’ assessment reflects opinions as on the date of the rating, and detailing term loans from Bank of India (Rs 29.60, 36 installments monthly from January 2027), Union Bank of India (Rs 25.94, 36 installments monthly from January 2027), DBS Bank Limited (Rs 9.74, monthly installments), HDFC Bank Ltd. (Rs 3.00, quarterly installments), and fund-based limits from Bank of India (Rs 140.00, EPC/PSC), Union Bank of India (Rs 120.00, EPC/PSC), and DBS Bank Limited (Rs 13.50).

Coastal Corporation Ltd share price declined by 1.11% to Rs 48.9 after the company's net profit expanded by 16.87% to Rs 11.57 crore, while revenue from operations nosedived 21.80% to Rs 253.88 crore in Q2FY26 over Q1FY26. The market capitalization of Seafood industry group stocks on BSE stood at Rs 3196.64 crore, tumbling by 17.96%. It has eased by 2.09% over last one week and declined by 12.32% in last one month while the market capitalization of Coastal Corporation Ltd has softened by 2.28% and 13% in the same period respectively. Profit before tax (PBT) of Coastal Corporation Ltd stood at Rs 14.46 crore in Q2 FY26, expanding by 88.53% year-on-year, and improving 11.75% quarter-on-quarter. EBITDA came in at Rs 13 crore, retreating 13.63% YoY and surging by 190.55% sequentially. Total expenses plunged by 23.96% to Rs 237.68 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 219.65 crore, inching up 3.30% YoY, while employee benefits expense was at Rs 7.96 crore, tanking by 13.38% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 44.23% to Rs 628.22 crore, while net profit eased 0.88% to Rs 4.48 crore, compared to previous TTM. EBITDA surged by 2050% to Rs 19.42 crore, and PBT dipped slightly 5.30% to Rs 7.51 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 4.89 crore in FY26, as against Rs 66.14 crore in FY25. Coastal Corporation Ltd rallied 38.96% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 3.81% during the same period.

Coastal Corporation will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Coastal Corporation announced that the Board of Directors of the Company at its meeting held on 30 May 2026, inter alia, have recommended the final dividend of Rs 0.28 per equity Share (i.e. 14%) , subject to the approval of the shareholders.

Net profit of Coastal Corporation reported to Rs 9.90 crore in the quarter ended March 2026 as against net loss of Rs 1.03 crore during the previous quarter ended March 2025. Sales rose 106.69% to Rs 324.67 crore in the quarter ended March 2026 as against Rs 157.08 crore during the previous quarter ended March 2025. For the full year,net profit rose 495.09% to Rs 26.66 crore in the year ended March 2026 as against Rs 4.48 crore during the previous year ended March 2025. Sales rose 54.51% to Rs 970.66 crore in the year ended March 2026 as against Rs 628.22 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales324.67157.08 107 970.66628.22 55 OPM %4.972.85 -6.234.86 - PBDT17.013.28 419 50.6919.93 154 PBT12.940.05 25780 34.867.51 364 NP9.90-1.03 LP 26.664.48 495 Powered by Capital Market - Live

Coastal Corporation will hold a meeting of the Board of Directors of the Company on 30 May 2026.

Net profit of Coastal Corporation rose 263.59% to Rs 7.09 crore in the quarter ended December 2025 as against Rs 1.95 crore during the previous quarter ended December 2024. Sales rose 64.89% to Rs 302.65 crore in the quarter ended December 2025 as against Rs 183.55 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales302.65183.55 65 OPM %5.664.90 - PBDT12.625.00 152 PBT7.411.92 286 NP7.091.95 264 Powered by Capital Market - Live

Coastal Corporation will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

Net profit of Coastal Corporation rose 619.61% to Rs 3.67 crore in the quarter ended September 2025 as against Rs 0.51 crore during the previous quarter ended September 2024. Sales rose 3.17% to Rs 159.68 crore in the quarter ended September 2025 as against Rs 154.77 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales159.68154.77 3 OPM %6.984.87 - PBDT9.914.32 129 PBT6.841.24 452 NP3.670.51 620 Powered by Capital Market - Live