Goa Carbon net profit surges 143% to Rs 11.83 Crore in Q4 of Financial year 2018

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Mr. Shrinivas Dempo
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GCL-Conveyor-Belt

Annual profit jumps to Rs.53.84cr from Rs 9.49cr in corresponding year.

Panaji, April 11, 2018: The Board of Directors of Goa Carbon Ltd. (GCL) approved the unaudited results for the fourth quarter ended March 31, 2018 on April 11, 2018. A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.

Highlights of the quarter –

  • Net profit for Q4FY18 increased by 143% at Rs. 11.83 cr v/s Rs. 4.87 cr for the corresponding period
  • Revenue has gone up to Rs. 162.37 cr in Q4Fy18 v/s Rs. 91.73 cr in Q4FY17
  • Total comprehensive income has increased to Rs. 11.70 cr in Q4Fy18 v/s Rs. 4.92 cr in Q4FY17
  • The board has announced 100% dividend at Rs.10/- per share.

Mr. Shrinivas V. Dempo, Chairman, Goa Carbon Limited said, “We are delighted to report strong profits consistently due to growing demand for aluminum and steel in the country.” He further said, “Our next three months order book position also looks strong and we are confident to maintain our position”.

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.