PANAJI: The Board of Directors of
Goa Carbon Ltd approved the
unaudited results for the third quarter ended December 31, 2017 on January 6, 2018. A
Dempo group company, GCL is the second largest manufacturer of
Calcined Petroleum Coke (CPC) in the country.
Net profit for the third quarter ended on December 31, 2017 amounted to Rs. 22.5 cr against a loss of Rs. 93.4 lakh for the corresponding period.
"We are delighted to achieve 100% capacity utilization, during the quarterly period ended 31st December 2017. We attribute this growth to a growing demand for aluminum and steel in the country which has also favoured our growth during this quarter," Goa Carbon Limited chairman
Shrinivas Dempo said.
Comprehensive income for Goa Carbon has also grown to Rs 22.7 crore in third quarter of 2017-18 against the Rs 1 cr loss posted for the corresponding period the year earlier.
Revenue for the company has increased to Rs 191 cr in third quarter of 2017-18 in comparison to Rs 83.2 crore recorded last year for the same period.
