Goa Carbon slips after production drops 2% YoY

Goa Carbon declined 3.42% to Rs 270 after the company said its production fell 2.01% to 17,393.54 MT in January 2020 from 17,750.30 MT in January 2019.

On a sequential basis, production jumped 56.53% from 11,111.80 MT reported in December 2019.

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 rose 13.4% to Rs 106.88 crore year-on-year (YoY).

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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