Moneycontrol
Jul 13, 2017 12:36 PM IST | Source: Moneycontrol.com

Goa Carbon soars 5% on strong performance in June quarter

Margin growth, too, was solid at 11 percent in June quarter 2017 compared with 7.3 percent in corresponding quarter of last fiscal.

Goa Carbon soars 5% on strong performance in June quarter

Moneycontrol News

Goa Carbon shares rallied nearly 5 percent intraday Wednesday to touch fresh 52-week high of Rs 383 after reporting stellar performance in the quarter ended June 2017.

Profit during the quarter jumped more than 7-fold to Rs 5.7 crore from Rs 0.8 crore in year-ago quarter on strong revenue as well as operational growth.

Revenue grew by 22.9 percent year-on-year to Rs 89.3 crore while operating profit shot up 84 percent to Rs 9.8 crore.

Margin growth, too, was solid at 11 percent in June quarter 2017 compared with 7.3 percent in corresponding quarter of last fiscal.

Goa Carbon is in the business of manufacture and marketing of calcined petroleum coke.

At 12:23 hours IST, the stock price was quoting at Rs 376.00, up Rs 11.15, or 3.06 percent on the BSE.

Posted by Sunil Shankar Matkar
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