Coastal Corporation reported a consolidated net profit of ₹26.66 crore for the financial year ended March 31, 2026, marking a substantial increase from the ₹4.48 crore recorded in FY25. The company’s total revenue rose to ₹995.29 crore, up from ₹639.32 crore in the prior year, driven by the successful commercialization of its grain-based ethanol plant and sustained growth in seafood exports. This performance underscores the effectiveness of the company’s diversification strategy into renewable energy alongside its core shrimp processing operations.

The Board of Directors recommended a final dividend of ₹0.28 per equity share, representing 14% of the nominal value, subject to shareholder approval at the 45th Annual General Meeting (AGM) scheduled for August 27, 2026. The record date for determining dividend entitlement is fixed for August 20, 2026. Shareholders are advised that dividend payments will be made exclusively through electronic mode, with physical shareholders required to update their KYC and bank details with the Registrar and Transfer Agent, Bigshare Services Private Limited, to ensure timely credit.

On a standalone basis, Coastal Corporation achieved a net profit of ₹13.50 crore, compared to ₹7.40 crore in FY25. Revenue from operations stood at ₹686.24 crore, reflecting a 11.95% year-on-year growth. The company maintained its focus on operational efficiency and cost optimization, navigating global trade challenges including reciprocal tariffs imposed by the United States. Management noted that the subsequent reduction of these tariffs to 10% and expected refunds have improved the outlook for its US-facing export operations.

Financial Performance Overview

The consolidated results highlight the transformative impact of the ethanol segment. Coastal Biotech Private Limited, the wholly-owned subsidiary responsible for ethanol production, contributed significantly to the top-line growth, generating turnover of ₹244.73 crore in its first full year of commercial operations. This diversification has reduced the group’s dependence on the volatile seafood commodity cycle.

What the Numbers Show

A key analytical observation from the filing is the divergence between standalone and consolidated profitability drivers. While the standalone seafood business delivered steady growth, the exponential jump in consolidated net profit (nearly five-fold) is attributable to the high-margin contribution from the ethanol plant and the turnaround of Seacrest Seafoods Inc., the US subsidiary. Seacrest reported a profit of ₹4.85 lakh, reversing a loss of ₹26.70 lakh in the previous year, aided by an expected refund of reciprocal tariffs paid to the US government. This indicates that the group’s future earnings stability will increasingly rely on the synergies between its domestic manufacturing capabilities and international trading arms.

Governance and Regulatory Updates

The AGM will also see the re-appointment of Dr. Emandi Sankara Rao as an Independent Director for a second term of five years, commencing June 30, 2026. Ms. Vineesha Valsaraj and Mr. N. S. Narayan Rao will be appointed as Non-Executive Non-Independent and Independent Directors, respectively. The company seeks shareholder approval for related party transactions entered into during the year, which were conducted at arm’s length.

Statutory auditors, Brahmayya & Co., issued a qualified opinion on the standalone financial statements regarding the non-provision of impairment loss allowance on the investment in Seacrest Seafoods Inc., amounting to ₹30.10 crore. The Board maintains that the investment is not impaired due to the anticipated tariff refund from the US government, which is expected to substantially improve Seacrest’s financial position. The secretarial audit report highlighted minor delays in filing certain forms with the Ministry of Corporate Affairs, which were regularized upon payment of additional fees.

Coastal Corporation Limited has approved its unaudited standalone and consolidated financial results for the first quarter of fiscal year 2026 (Q1FY26). The Board of Directors gave its consent during a meeting held on August 3, 2026, in Visakhapatnam. The financial statements cover the quarter ended June 30, 2026, and were approved based on the recommendations of the Audit Committee.

The results were subjected to a limited review by M/s. Brahmayya & Co., who serve as the Statutory Auditors of Coastal Corporation Limited. This review was conducted in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the detailed financial results available to investors via its official website, www.coastalcorp.co.in , and through a Quick Response Code provided in the disclosure notice.

Key Details

What the Numbers Show

While the specific financial metrics such as net profit, revenue, or EBITDA are not disclosed in the immediate press release, the approval of both standalone and consolidated results indicates the completion of the quarterly reporting cycle for the period. Investors can access the granular data through the links provided by the company to analyze performance trends and operational efficiency for Q1FY26.