Goa Carbon slumps on weak YoY production in March

Goa Carbon hit a lower circuit of 5% at Rs 208.80 after the total production tanked 70.59% to 6,011.40 MT in March 2020 compared with 20,442.05 MT in March 2019.

The production, however, surged 152.79% in March 2020 from 2,378 MT in February 2020. The announcement was made on Sunday, 26 April 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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