The Board of Directors of Goa Carbon Ltd. (GCL) today approved the unaudited results for the second quarter ended September 30, 2010. A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.
Highlights for the quarter ended September 30, 2010:
- Q2 FY11 sales at Rs 6,309.16 lakh as compared to Rs 8,173lakh recorded in the corresponding quarter of the previous year
- Q2 FY11 net profit at Rs 278.22 lakh as compared to a loss of Rs 510.67 lakh recorded in the corresponding quarter of the previous year
- Q2 FY11 net profit margins before interest, depreciation & tax are at 9.80%
- Q2 FY11 net profit margins are at 4.64%
Highlights of the half-year ended September 30, 2009:
- H1 FY09 sales at Rs 10,159.82 lakh as compared to Rs 13,341.86 lakh recorded in the corresponding quarter of the previous year
- H1 FY09 net profit at Rs 440.98 lakh as compared to a loss of Rs 992.27 lakh recorded in the corresponding quarter of the previous year
- H1 FY09 net profit margins before interest, depreciation & tax are at 10.70%
- H1 FY09 net profit margins are at 4.70%
Commenting on the performance, Mr. Shrinivas Dempo, Chairman, GCL, said, “In spite of a drop in sales due to lower export as well as domestic demand, GCL’s profits are back in the black as against a net loss in the same quarter last fiscal. Stringent cost control measures as well as improved efficiencies have enabled us to post profits.”
Goa Carbon’s domestic customers include Nalco, Hindalco, Malco, Balco, etc. Apart from Alcan Rio-Tinto, with whom GCL has a long-term supply agreement, exports are also made to Australia, Egypt, Dubai, Oman, Greece, Iran and Saudi Arabia.
About Goa Carbon Ltd.
Incorporated in 1967, Goa Carbon Ltd. (GCL) is the second largest manufacturer of Calcined Petroleum Coke (CPC) in India. A part of the Dempo Group, GCL supplies CPC to leading domestic as well as international aluminum smelters. GCL has a total manufacturing capacity of 240,000 TPA. While it started with manufacturing facility in Goa (75,000 TPA), GCL further augmented its capacity in 2002 by acquiring a petcoke calcining unit at Bilaspur in Chhatisgarh (40,000 TPA) and Paradeep Carbons Ltd. (PCL) at Paradeep in Orissa (125,000 TPA). The Bilaspur and Paradeep units are now merged with GCL. For more details visit us at www.goacarbon.com
