Goa Carbon has announced the resumption of operations at its manufacturing unit in Goa, marking a significant development for the company.

Resumption Details

The company informed the stock exchanges that operations at its Goa Unit, located at St. Jose de Areal, Salcete-Goa, have resumed as of September 5, 2025. This comes after a temporary halt in production at the facility.

Operational Status

According to the company's statement:

• The kiln at the Goa Unit has been lit up.
• After the preliminary heat-up process and commencement of raw material feeding, normal production is expected to resume from the following day.

Previous Suspension

Goa Carbon had previously suspended operations at this unit, as mentioned in their communication dated June 9, 2025. The resumption of activities at the Goa facility is likely to be viewed positively by stakeholders, as it indicates a return to normal manufacturing capabilities.

Company Background

Goa Carbon is known for its operations in the carbon industry. The company's manufacturing facilities play a crucial role in its business operations, making this resumption a noteworthy event for the company and its investors.

Market Impact

Investors and market analysts will be closely watching how this operational restart might affect the company's production output and financial performance in the coming quarters. The resumption of activities at the Goa Unit could potentially contribute to increased production capacity and revenue generation for Goa Carbon.

Goa Carbon Limited , a leading manufacturer of Calcined Petroleum Coke, has reported a significant net loss of ₹795.25 lakhs for the quarter ended June 30, marking a stark contrast to the net profit of ₹298.44 lakhs recorded in the same quarter last year. The company's financial performance was heavily impacted by rising material costs, despite a substantial increase in revenue.

Revenue Growth Overshadowed by Increased Expenses

The company's total income for Q1 saw a notable increase of 53% year-on-year, reaching ₹20,096.85 lakhs compared to ₹13,132.99 lakhs in the corresponding quarter of the previous year. This growth was primarily driven by higher product sales, which rose to ₹19,921.76 lakhs from ₹12,760.52 lakhs, representing a 56% increase.

However, the surge in revenue was offset by a significant rise in expenses, particularly in the cost of materials consumed:

The cost of materials consumed more than doubled, jumping from ₹11,035.23 lakhs to ₹22,639.23 lakhs, representing a 105% increase. This substantial rise in material costs was the primary factor behind the company's shift from profit to loss.

Operational Performance and Other Financials

Goa Carbon's operational performance was also affected, with the company reporting a loss before tax of ₹1,178.29 lakhs for the quarter, compared to a profit before tax of ₹420.02 lakhs in the same period last year.

Other key financial highlights for Q1 include:

• Basic Earnings Per Share (EPS) stood at negative ₹8.69, down from positive ₹3.26 in Q1 of the previous year.
• Finance costs decreased slightly to ₹493.52 lakhs from ₹530.75 lakhs in the previous year.
• Employee benefits expense increased marginally to ₹596.17 lakhs from ₹564.02 lakhs.

Segment Information and Legal Matters

Goa Carbon continues to operate solely in the manufacture and sale of Calcined Petroleum Coke segment. The company has no subsidiaries, and therefore, consolidated financial results are not required.

The company is currently dealing with ongoing legal matters:

1. Goa Green Cess Case: Following a Supreme Court directive, Goa Carbon has deposited ₹349 lakhs under protest, representing 50% of the total demand raised for the period FY 2014-15 to FY 2024-25. The company is complying with the court's directives by filing monthly returns and depositing 50% of self-assessed Cess under protest.

2. Income Tax Case: On July 14, the Bombay High Court at Goa quashed an assessment order that had raised a demand of ₹7,371 lakhs for the Assessment Year 2023-24. The court has directed the Income Tax Department to serve a fresh notice and pass a new assessment order after considering the company's submissions.

Outlook

While Goa Carbon has experienced significant revenue growth, the sharp increase in material costs has led to a challenging quarter. The company's ability to manage these rising costs and improve operational efficiency will be crucial for its financial performance in the coming quarters. Investors and stakeholders will be closely watching how the company navigates these challenges and addresses the ongoing legal matters that could impact its financial position.