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Goa Carbon hits 52-week high on healthy Q4 results

The stock surged 16% to Rs 153 on BSE in early morning trade on back of heavy volumes.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
Shares of Goa Carbon  surged 16% to Rs 153, also its 52-week high on BSE, after the company reported a standalone net profit of Rs 5.08 crore for the fourth quarter ended March 2017 (Q4FY17), due to exchange gain of Rs 6.71 crore. It had profit of Rs 41 lakh in the same quarter last fiscal.

Total income from operations of the company increased by 13% at Rs 76.37 crore against Rs 67.50 crore in the corresponding quarter of previous fiscal.

On yearly basis, Goa Carbon reported a consolidated net profit of Rs 9.11 crore in FY17 against

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