Blue Coast Hotels Q1 FY26: Net loss, finance costs surge

May 5, 2026 4 mins read Firehose Gupta

Blue Coast Hotels Limited — Quarter ended and year ended March 31, 2026

Particulars	Quarter ended	Year ended
	31.03.2026 Audited	31.12.2025 Unaudited
1 Income
a) Income from operations	123.37	10.00
b) Other Income	5.08	36.67
Total Income	128.45	46.67
2 Expenses
a) Employee benefits expense	22.34	18.61
b) Finance Cost	45.13	44.11
c) Depreciation & Amortization	5.54	6.77
d) Other expenses	39.61	14.50
Total Expenses	112.62	83.99
3 Profit before Exceptional Items & Tax (1-2)	15.83	(37.32)
4 Exceptional Items (Net)
Preference Dividend Waiver	–	–
Settlement Charges	–	–
5 Profit before Tax (3-4)	15.83	(37.32)
6 Income Tax
Income Tax – Current Period	–	–
Income Tax – Prior Period	29.32	–
7 Net Profit for the period (5-6)	(13.49)	(37.32)
8 Other Comprehensive Income
Net change in fair values of investments carried at fair value through OCI	(9.55)	11.45
9 Total Comprehensive Income	(23.04)	(25.87)
10 Paid-up Equity Share Capital (face Value of Rs. 10/- per share)	1,719.25	1,719.25
11 Reserves excluding Revaluation Reserve	–	–
12 Earnings per share (in Rs.)
Basic EPS	(0.13)	(0.15)
Diluted EPS	(0.12)	(0.13)
13 Earning per share before Exceptional Items (in Rs.)
Basic EPS	(0.13)	(0.15)
Diluted EPS	(0.12)	(0.13)

PARTICULARS	As at 31.03.2026 (Audited)	As at 31.03.2025 (Audited)
A ASSETS
1 Non – Current Assets
Property Plant and Equipment	26.79	32.73
Right of Use Assets	50.28	70.37
Financial Assets :
Investments	23.01	7.01
Other Financial Assets	17.50	16.70
Other Non-Current Assets	139.56	168.88
Non – Current Assets	257.14	295.69
2 Current Assets
Financial Assets :
Investments	163.25	208.12
Trade Receivables	29.44	–
Cash and cash equivalents	16.38	10.47
Bank Balances Other Than Cash And Cash Equivalents	–	29.21
Other Financial Assets	–	1.64
Other current assets	19.18	38.90
Current Assets	228.25	288.34
TOTAL ASSETS	485.39	584.03
B EQUITY AND LIABILITIES
1 Equity
Equity Share Capital	1,719.25	1,464.05
Instruments entirely equity in nature	248.71	503.91
Other Equity	(3,862.28)	(3,629.00)
Equity	(1,894.32)	(1,661.04)
2 Non – Current Liabilities
Financial Liabilities :
Borrowings	827.68	1,072.57
Lease Liabilities	34.23	52.79
Non-Current Liabilities	861.91	1,125.36
3 Current Liabilities
Financial Liabilities :
Borrowings	966.89	551.89
Lease Liabilities	18.56	17.39
Trade Payables
– Total outstanding dues of micro enterprises and small enterprises	–	–
– Total outstanding dues other than of micro enterprises and small enterprises	15.56	25.90
Other Financial liabilities	500.03	490.40
Other Current Liabilities	16.76	9.13
Provisions	–	25.00
Current Liabilities	1,517.80	1,119.71
TOTAL EQUITY AND LIABILITIES	485.39	584.03

PARTICULARS	Year Ended 31.03.2026 (Audited)	Year Ended 31.03.2025 (Audited)
A. CASH FLOWS FROM OPERATING ACTIVITIES:
Net Profit/(Loss) before Tax and extraordinary items	(178.75)	8,084.44
Adjustments for:
– Depreciation & Amortization	26.49	27.40
– Finance cost	174.53	198.18
– Interest Income	(0.81)	(2.23)
– Dividend Income	(0.57)	(0.39)
– Capital Gain/Loss	15.91	(39.31)
– Gain on Sale of Fixed Assets	(0.08)	–
– Dividend Waiver	–	(8,453.55)
– Net gain on disposal/fair valuation of Investments	(25.21)	5.54
Operating profit before changes in current assets and liabilities	11.51	(179.92)
Changes in current assets and current liabilities
– Trade Receivable	(29.44)	–
– Trade Payables	(10.34)	–
– Other Current Assets & Other Financial Assets	21.36	165.03
– Current liabilities	408.43	16.20
Cash generated from Operation	401.52	1.31
Current Tax	–	–
MAT Credit Written Off	29.32	83.60
NET CASH GENERATED/(USED) FROM OPERATING ACTIVITIES	372.20	(82.29)
B. CASH FLOWS FROM INVESTING ACTIVITIES:
Sale / (Purchase) of Property, Plant & Equipments	(0.36)	(89.24)
Purchase/Sale of Investments – Short Term	44.87	(125.41)
Term Deposit	29.21	56.80
Sale / (Purchase) in Other Non-Current Assets	(16.00)	5.00
Interest Income	0.81	2.23
Dividend Income	0.57	0.39
Capital Gain/Loss	(15.91)	39.31
NET CASH GENERATED/(USED) IN INVESTING ACTIVITIES	43.19	(110.92)
C. CASH FLOWS FROM FINANCING ACTIVITIES:
Finance cost (net)	(174.53)	(198.18)
Change in Equity	255.20	189.20
Change in Instruments entirely equity in nature	(255.20)	503.91
Change in Other Equity (Financial Instruments)	–	1,986.40
Other Non-Current Assets	29.32	87.24
Change in Other Financial Assets	(0.81)	0.31
Change in Other Financial liabilities	(263.46)	(10,843.14)
Dividend Waived off	–	8,453.55
NET CASH GENERATED/(USED) IN FINANCING ACTIVITIES	(409.48)	179.29
Net Increase/(Decrease) in Cash and Cash equivalents (A+B+C)	5.91	(13.92)
Cash and Cash equivalents as at beginning of the period	10.47	24.39
Cash and Cash equivalents as at end of the period	16.38	10.47

Particulars	Quarter ended	Year ended
	31.03.2026 Audited	31.12.2025 Unaudited
1 Income
a) Income from operations	123.37	10.00
b) Other Income	5.08	36.67
Total Income	128.45	46.67
2 Expenses
a) Employee benefits expense	22.34	18.61
b) Finance Cost	45.13	44.11
c) Depreciation & Amortization	5.54	6.77
d) Other expenses	40.15	14.90
Total Expenses	113.16	84.39
3 Profit before Exceptional Items & Tax (1-2)	15.29	(37.72)
4 Exceptional Items (Net)
Preference Dividend Waiver	–	–
Settlement Charges	–	–
5 Profit before Tax (3-4)	15.29	(37.72)
6 Income Tax
Income Tax – Current Period	–	–
Income Tax – Prior Period	29.32	–
7 Net Profit for the period (5-6)	(14.03)	(37.72)
8 Other Comprehensive Income
Net change in fair values of investments carried at fair value through OCI	(9.55)	11.45
9 Total Comprehensive Income	(23.58)	(26.27)
10 Paid-up Equity Share Capital (face Value of Rs. 10/- per share)	1,719.25	1,719.25
11 Reserves excluding Revaluation Reserve	–	–
12 Earnings per share (in Rs.)
Basic EPS	(0.14)	(0.15)
Diluted EPS	(0.12)	(0.13)
13 Earnings per share before Exceptional Items (in Rs.)
Basic EPS	(0.14)	(0.

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