Goa Carbon turns corner, posts Q4 profit at Rs 0.4 cr

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Goa Carbon has turned black in January-March quarter by reporting net profit of Rs 0.4 crore against loss of Rs 7.6 crore in year-ago period, on standalone basis.

Lower raw material cost (down 7 percent) and other expenses (down 30.7 percent) helped the company report operating profit (against operating loss) that resulted in profit despite higher interest cost and lower other income & forex gain. In Q4FY15, it had reported an exceptional loss of Rs 10.03 crore.

Revenue increased 17 percent to Rs 67.5 crore in quarter ended March 2016 against Rs 57.6 crore in corresponding quarter of last fiscal.

The company that manufactures calcined petroleum coke shut down its plants during the quarter due to absence of viable export and domestic orders. "Three plants of the company were shut down during the quarter - Goa plant for 28 days, Bilaspur 54 days and Paradeep 31 days," the company said in its filing.

Interest cost during the quarter increased 214 percent year-on-year to Rs 2.67 crore while other income declined 18.6 percent to Rs 1.84 crore.

In Q4, operating profit (earnings before interest, tax, depreciation and amortisation) jumped 462 percent to Rs 1.82 crore and margin expanded by 214 basis points to 2.7 percent compared to year-ago period.

For the financial year ended March 2016, Goa Carbon lowered its loss to Rs 3.07 crore from Rs 10.09 crore in previous year but revenue jumped 68 percent to Rs 316 crore from Rs 187.94 crore.

At 14:34 hours IST, the scrip of Goa Carbon was quoting at Rs 94.70, up Rs 12.70, or 15.49 percent after hitting fresh 52-week high of Rs 96.35 on Bombay Stock Exchange.Posted by Sunil Shankar Matkar