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Goa Carbon reports net loss of Rs 1.27 crore in Q2

Goa Carbon has reported results for second quarter ended September 30, 2018.

The company has reported net loss of Rs 1.27 crore for the quarter under review as against net profit of Rs 13.76 crore for the same quarter in the previous year. Total revenue of the company decreased by 24.61% at Rs 114.37 crore for Q2FY19 as compared Rs 151.71 crore for the corresponding quarter previous year.

Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading Indian petcoke calciner. It is a regular supplier to aluminium smelters, graphite electrode and Titanium Dioxide manufacturers, as well as other users in the metallurgical and chemical industries.