Coastal Corporation Reports Q2 Profit Rise, Board Considers Subsidiary Merger

Coastal Corporation Limited announced its quarterly results for the quarter ended September 30, 2025, showing a net profit of Rs 462.29 lakhs on standalone basis and Rs 366.65 lakhs on consolidated basis. The company's total revenue reached Rs 15,395.60 lakhs (standalone) and Rs 16,552.75 lakhs (consolidated). The Board of Directors approved the unaudited financial results and considered a proposal to merge two wholly-owned subsidiaries - Continental Fisheries India Limited (CFIL) and Coastal Biotech Private Limited (CBPL). The company confirmed no deviation in the use of funds raised through Rights Issue of Partly Paid-Up Equity Shares. Coastal Biotech Private Limited is fully operational and has started selling grain-based Ethanol to Oil Marketing Companies. The company faces contingent liabilities of Rs 74.78 lakhs and Rs 108.06 lakhs for Fuel Power Purchase Cost Adjustment charges for financial years 2022-2023 and 2023-2024 respectively, against which appeals are being filed.

Coastal Corporation Receives Russian Federation Approval for Seafood Exports

Coastal Corporation Limited has received approval from the Ministry of Agriculture of the Russian Federation, through the Federal Service for Veterinary and Phytosanitary Control (Rosselkhoznadzor), for two processing units to export seafood products to Russian markets. The company views this approval as a key milestone in its strategy to expand international presence, particularly in the Russian Federation. The approval is expected to enhance the company's export capabilities and contribute positively to revenue growth. Coastal Corporation believes this development will open new business opportunities and strengthen its position in the global seafood export market.

Coastal Corporation Secures Rs. 361.73 Crore Ethanol Supply Order

Coastal Corporation has secured an ethanol supply order for 56,521 KL under the Ethanol Blended Petrol Programme (EBPP). The order has an estimated value of Rs. 361.73 crores.