Shares of Goa Carbon shed 5 percent in Indian stock market intraday on October 5, 2018, in the quarter finished September 2018 the organization has announced net misfortune at Rs 1.3 crore against the benefit of Rs 13.7 crore, in a similar quarter last fiscal.
Total revenue for the quarter remained at Rs 114.36 crore against Rs 151.70 crore detailed in the September quarter of a year ago. Total comprehensive loss of the organization came in at Rs 1 crore against Rs 13.59 crore far-reaching earnings signed in the year-back period.
Working profit or EBITDA fell 95.1 percent at Rs 1.2 crore in Indian stock market and the edge was at 1.1 percent. Because of the absence of reasonable fare and household arranges, the plants of the organization were closed down amid the quarter as follows: Goa plant: 42 days, Bilaspur plant: 92 days, and Paradeep plant: 19 days, Goa Carbon said in its BSE filing.
The organization said, “The wholly owned subsidiary of the Company, GCL Global Resources SGP, Singapore, was liquidated on March 9, 2018. During the previous year ended 31 March 2018, the company received full and final payment of Rs 12.73 crore from the liquidator. Accordingly, other Income for the previous year ended March 31, 2018, included foreign exchange gain of Rs 1.46 crore arising on account of liquidation of investments of the wholly owned subsidiary.”
Different costs of the organization were at Rs 11 crore against Rs 2.1 crore. The organization said that because of export and domestic orders, plants were closed amid Q2. At 12:30 hrs Goa Carbon was citing at Rs 581.75, down Rs 30.45, or 4.97 percent on the BSE, according to the report of Moneycontrol.
In the Indian stock market, the organization said in a report to Business Standard, it has documented an application with the Supreme Court of India speaking to that being an imperative subset, the Calcination Industry ought to consider alongside that of the Aluminum Industry for permitting the import and utilization of the petroleum coke in the manufacturing procedure as feedstock.
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