27 May 2019 | 12:18 AM

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COMPANYNEWS
Goa Carbons posts Q4 net loss of Rs 8.79 cr
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Published on 04-22-2019
The company reported standalone net loss during the quarter stood at Rs 8.79 crore compared to net profit of Rs 11.84 crore in the previous year quarter. 


Net revenue of the company declined moderately by 19.66 per cent at Rs 129.09 crore in January-March quarter of this fiscal as against Rs 160.68 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 2.32 per cent to Rs 138.29 crore from Rs 141.57 crore in year ago period.


Other Income dipped by 151.79 per cent at Rs -0.87 crore versus (Mar`18 Rs 1.68 crore).


Operating Profit slipped by 147.07 per cent to Rs -9.00 crore as against Rs 19.12 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 158.57 per cent in March quarter.


Interest grew by 40.21 per cent y-o-y to Rs 2.72 crore while Taxation decreased by 166.11 per cent at Rs -4.33 crore (Mar`18 Rs 6.55 crore).