Goa Carbon net profit surges to Rs 7.45 cr

NT NETWORK

PANAJI

The Board of Directors of Goa Carbon Ltd (GCL) approved the unaudited financial results for the first quarter ended June 30, on Tuesday.

A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.

The chairman GCL Shrinivas Dempo said, “With the growing demand for aluminum and steel in the country, which has augmented the demand for CPC, this in turn has favoured us in the growth during the quarter. We will intend to continue our growth trajectory at the current pace as our order book for the coming quarter looks strong.”

Highlights of the quarter is that the net profit after tax for the first quarter ended on June 30, stands at Rs 7.45 cr v/s Rs 5.75 cr for the corresponding period.

Comprehensive loss is Rs 0.05 cr in Q1 Fy19 v/s Rs 0.19 cr for the corresponding period.

Revenue has gone up to Rs 125 cr in Q1 Fy19 v/s Rs.89 cr for the corresponding period.

The order book is at 42,000 tonne for the next quarter.

About Goa Carbon Ltd Incorporated in 1967, Goa Carbon Ltd. (GCL) is the second largest manufacturer of Calcined Petroleum Coke (CPC) in India. A part of the Dempo Group, GCL supplies CPC to leading domestic as well as international aluminum smelters. GCL has a total manufacturing capacity of 240,000 TPA. While it started with manufacturing facility in Goa (75,000 TPA), GCL further augmented its capacity in 2002 by acquiring a petcoke calcining unit at Bilaspur in Chhatisgarh (40,000 TPA) and Paradeep Carbons Ltd. (PCL) at Paradeep in Odisha (125,000 TPA). The Bilaspur and Paradeep units are now merged
with GCL.