Results - Announcements
Coastal Corporation Ltd share price declined 5.52% to Rs 35.12
Coastal Corporation Ltd's net loss stood at Rs 1.63 crore in Q2FY2027 compared to a net profit of Rs 3.67 crore in Q2FY26. The revenue from operations improved marginally 5.62% to Rs 268.14 crore in Q2FY27 over Q2FY26.
The market capitalization of Seafood industry group stocks on BSE stood at Rs 2935.66 crore, improving 10.40%. It has slipped by 1.61% over last one week and collapsed sharply by 20.29% in last one month while the market capitalization of Coastal Corporation Ltd has marginally improved by 4.21% and 15.44% in the same period respectively.
Profit before tax (PBT) of Coastal Corporation Ltd stood at Rs 0.38 crore in Q2 FY27, tumbling by 94.44% year-on-year, and crashing by 97.37% quarter-on-quarter. EBITDA came in at Rs 7 crore, surging by 32.83% YoY and plunging by 44.17% sequentially.
Total expenses grew marginally by 9.81% to Rs 261.0 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 202.11 crore, easing 7.99% YoY, while employee benefits expense was at Rs 7.23 crore, declining 9.17% YoY.
For FY26, revenue from operations witnessed a strong growth of 54.51% to Rs 970.66 crore, while net profit soared by 495.09% to Rs 26.66 crore, compared to previous FY. EBITDA jumped by 2183% to Rs 35.88 crore, and PBT jumped 364.18% to Rs 34.86 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 19.74 crore in FY26, as against Rs 4.89 crore in FY25.
Coastal Corporation Ltd crashed 14.63% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.42% during the same period.