Coastal Corporation Limited has announced its financial results for the quarter ended September 30, 2025, showcasing a notable increase in profitability and revealing plans for corporate restructuring.

Financial Performance

The company reported a consolidated net profit of Rs 366.65 lakhs for Q2 2025, marking a significant improvement in its financial performance. On a standalone basis, the net profit stood at Rs 462.29 lakhs.

Coastal Corporation's total revenue reached impressive figures, with consolidated revenue at Rs 16,552.75 lakhs and standalone revenue at Rs 15,395.60 lakhs for the quarter.

Key Financial Highlights

Corporate Restructuring

In a strategic move, the Board of Directors has considered a proposal to merge two of its wholly-owned subsidiaries:

1. Continental Fisheries India Limited (CFIL)
2. Coastal Biotech Private Limited (CBPL)

This decision signals the company's efforts to streamline operations and potentially enhance operational efficiency.

Operational Updates

Coastal Biotech Private Limited, a subsidiary of Coastal Corporation, has achieved full operational status. The company has commenced selling grain-based Ethanol to Oil Marketing Companies (OMCs), marking a significant milestone in its business expansion.

Rights Issue Utilization

The company confirmed that there has been no deviation in the use of funds raised through the Rights Issue of Partly Paid-Up Equity Shares, adhering to the objectives stated in the letter of offer dated August 25, 2022.

Contingent Liabilities

Coastal Corporation faces contingent liabilities related to Fuel Power Purchase Cost Adjustment (FPPCA) charges:

• Rs 74.78 lakhs for the financial year 2022-2023
• Rs 108.06 lakhs for the financial year 2023-2024

The company is in the process of filing appeals against these charges before the Appellate Tribunal for Electricity (APTEL).

This quarterly report demonstrates Coastal Corporation's resilience and strategic initiatives in navigating the current business landscape. The proposed merger of subsidiaries and the operational success of Coastal Biotech Private Limited indicate the company's focus on consolidation and growth in diverse sectors.

Coastal Corporation Limited, a recognized three-star export house by the Government of India, has achieved a significant milestone in its international expansion strategy. The company recently received approval from the Ministry of Agriculture of the Russian Federation, through the Federal Service for Veterinary and Phytosanitary Control (Rosselkhoznadzor), to export seafood products to Russian markets.

Key Highlights

• Two processing units of Coastal Corporation approved for seafood exports to Russia
• Approval granted by the Russian Ministry of Agriculture through Rosselkhoznadzor
• Expected to enhance export capabilities and contribute to revenue growth
• Aligns with the company's strategy to expand its international presence

Strategic Implications

This development marks a crucial step in Coastal Corporation's efforts to strengthen its position in the global seafood export market. The company views this approval as a key milestone, particularly in expanding its presence in the Russian Federation.

Potential Impact

The approval is anticipated to:

1. Open new business opportunities in the Russian market
2. Enhance the company's export capabilities
3. Contribute positively to revenue growth
4. Strengthen Coastal Corporation's global market position

Company's Perspective

In a statement to the stock exchanges, Coastal Corporation expressed confidence that this approval will further solidify its standing in the international seafood export arena. The company emphasized that this achievement aligns with its commitment to maintaining high-quality standards and expanding its global footprint.

Compliance and Disclosure

Coastal Corporation has disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant developments that may impact the company's performance and market position.

As the global demand for seafood continues to rise, Coastal Corporation's entry into the Russian market could potentially open up new avenues for growth and diversification. However, the actual impact on the company's financial performance will depend on various factors, including market conditions, competition, and the company's ability to capitalize on this new opportunity.