India's Coastal Corporation jumps after quarterly profit doubles

Coastal

03/08/2026 09:14

** Shares of Coastal Corporation COAS.NS jump 12.9% to 55.15 rupees after quarterly profit rise
** Seafood products producer and exporter's June quarter consol profit doubles Y/Y to 115.7 mln rupees ($1.2 mln)
** June quarter total revenue jumped 41.6% Y/Y to 2.62 bln rupees
** Also, COAS to register itself as a trader with the Food corporation of India for procurement of rice and other eligible food grains
** Trading vols over 2x the 30-day average at 216,307 shares so far
** YTD, COAS up over 21%

($1 = 95.3250 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))