Goa Carbon Reports ₹795 Crore Net Loss in Q1 Amid Rising Material Costs
Goa Carbon Limited reported a net loss of ₹795.25 lakhs for Q1 ended June 30, contrasting with a ₹298.44 lakh profit in the same quarter last year. Total income increased by 53% to ₹20,096.85 lakhs, driven by a 56% rise in product sales. However, expenses surged, with material costs more than doubling to ₹22,639.23 lakhs, leading to the loss. The company's EPS turned negative at ₹8.69. Goa Carbon is dealing with ongoing legal matters including a Green Cess case and an Income Tax case.
29Jul 25
Goa Carbon Shareholders Overwhelmingly Approve Anupam Misra's Re-appointment as Executive Director
Shareholders of Goa Carbon Limited have approved the re-appointment of Anupam Misra as Whole-time Director and Executive Director with 99.996% votes in favor. The special resolution extends Misra's tenure for two more years from May 28, 2025. The postal ballot, conducted via remote e-voting from June 28 to July 28, 2025, saw participation from various shareholder categories. The Promoter and Promoter Group showed 100% participation with all votes in favor, while Public Institutions and Non-Institutions also largely supported the resolution.
09Jun 25
Goa Carbon Announces Temporary Shutdown of Goa Unit for Maintenance
Goa Carbon Ltd., a leading manufacturer of calcined petroleum coke, has announced a temporary shutdown of its Goa unit for maintenance purposes starting June 9, 2025. This planned maintenance activity aims to ensure optimal performance and longevity of production facilities. The shutdown is expected to improve equipment reliability, operational efficiency, and safety standards, while potentially reducing long-term operational costs. The company has not provided details on the duration of the maintenance or its impact on production figures.
Goa Carbon Ltd, a leading calcined petroleum coke manufacturer, released its Q4 FY23 financial results. Revenue declined 25.84% YoY to ₹1.32 billion. The company reported an EBITDA loss of ₹48.00 million, compared to a gain of ₹139.00 million in Q4 FY22. Net loss narrowed to ₹65.00 million from ₹93.60 million in Q4 FY22 and ₹83.00 million in Q3 FY23, indicating some improvement in cost management despite challenging market conditions.