Goa Carbon drops after production tumbles 74% in April

Goa Carbon declined 3.92% to Rs 175.10 after the company said that its production tumbled 73.69% to 4,436.40 MT in April 2020 as against 16,865.50 MT in April 2019.

On a month-on-month (M-o-M) basis, Goa Carbon's production slumped 26.20% in April 2020 from 6,011.40 MT in March 2020. The announcement was made after market hours on Friday, 8 May 2020.

On a standalone basis, Goa Carbon reported a net loss of Rs 4.12 crore in Q3 December 2019, lower than a net loss of Rs 4.91 crore in Q3 December 2018. Net sales jumped 13.38% to Rs 106.88 crore in Q3 December 2019 over in Q3 December 2018.

 

Goa Carbon is engaged in the manufacture and sale of calcined petroleum coke. The firm is a supplier to aluminum smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.

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