Goa Carbon sizzles on Wednesday, courtesy strong Q4 numbers
Amir Shaikh / 12 Apr 2017
In FY17, the company saw turnaround in bottom-line by reporting net profit of Rs. 9.1 crore as compared to net loss of Rs. 3.4 crore in FY16.
On Tuesday Goa Carbon announced its fourth quarter result of recently concluded financial year 2016-17.
The net sales for this quarter, Q4FY17 came in at Rs. 76.38 crore. This represents 6.2 per cent sequential increase and 13.2 per cent YoY increase.
EBITDA for the recently concluded quarter amounted to Rs. 3.29 crore which represents 80 per cent yoy increase and the EBITA margin stood at 4.3 per cent.
In terms of the bottom-line, the company reported PAT of Rs. 5.08 crore as against net loss of Rs. 1.09 crore.
Also, in FY17, the company saw turnaround in bottom-line by reporting net profit of Rs. 9.1 crore as compared to net loss of Rs. 3.4 crore in FY16.
However, in FY17, the company witnessed 7.9 per cent yoy decline in revenue. Goa Carbon posted revenue of Rs. 291 crore in FY17.
With response to this result, the stock of Goa Carbon jumped 17.7% to touch 52 -week high at Rs. 153. It is currently trading at Rs. 152.6 at 1245 hours.
Goa Carbon Ltd is engaged in the business of manufacturing and marketing of Calcined Petroleum coke. The company supply petcoke calciner to industries like aluminium smelters, graphite electrode and titanium dioxide manufactures, as well as OHTE user in the metallurgical and chemical industries.
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