Moneycontrol
Oct 11, 2017 12:31 PM IST | Source: Moneycontrol.com

Goa Carbon Q2 profit rises 3-fold to Rs 13.8 cr, revenue surges 67%

Revenue from operations during the quarter shot up 67.1 percent to Rs 150.6 crore from Rs 90.1 crore on year-on-year basis, the calcined petroleum coke manufacturer said in its filing.

Goa Carbon Q2 profit rises 3-fold to Rs 13.8 cr, revenue surges 67%

Moneycontrol News

Goa Carbon's July-September quarter profit increased nearly three-fold to Rs 13.8 crore compared with Rs 4.7 crore in year-ago quarter, driven by operational as well as topline growth.

The stock price recovered sharply after strong earnings, up nearly 5 percent to hit a record high of Rs 652. However, it fell 5 percent intraday before the announcement of results.

Revenue from operations during the quarter shot up 67.1 percent to Rs 150.6 crore from Rs 90.1 crore on year-on-year basis, the calcined petroleum coke manufacturer said in its filing.

EBITDA (earnings before interest, tax, depreciation and amortisation) jumped 4 times year-on-year to Rs 25.1 crore and margin expanded by 850 basis points to 16.6 percent in the quarter ended September 2017.

At 12:18 hours IST, the stock price was quoting at Rs 643.00, up Rs 21.30, or 3.43 percent amid high volumes on the BSE.
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