The Board of Directors of Goa Carbon Ltd. (GCL) approved the unaudited results for the second quarter and half year ended September 30, 2008 . A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.
Mumbai, Maharashtra, India, October 20, 2008 (PRESSbooth.ORG) -- Highlights of the quarter ended September 30, 2008 :
1. Q2 FY09 sales at Rs 11393.79 lakh as compared to Rs 4714.55 lakh recorded in the corresponding quarter of the previous year; up 141.63% YoY
2. Q2 FY09 net profit at Rs 281.42 lakh as compared to a loss of Rs 45.14 lakh recorded in the corresponding quarter of the previous year
3. Q2 FY09 operating margins are at 5.63%
4. Q2 FY09 net profit margins are at 2.73%
Highlights of the half-year ended September 30, 2008 :
1. H1 FY09 sales at Rs 23403.20 lakh as compared to Rs 9872.77 lakh recorded in the corresponding quarter of the previous year; up 135.3% YoY
2. H1 FY09 net profit at Rs 1444.94 lakh as compared to Rs 103.96 lakh recorded in the corresponding quarter of the previous year; up 1289.42% YoY
3. H1 FY09 operating margins are at 11.43%
4. H1 FY09 net profit margins are at 6.79%
Commenting on the performance, Mr. Shrinivas Dempo, Chairman, GCL, said: “We are delighted to announce good performance numbers for yet another quarter. The improvement in figures comes on the back of the overall growth in business owing to the increased demand from the domestic market for our products. Our outlook for the CPC industry continues to be positive and the company is reviewing greenfield capacity expansion plans to service this rising demand.”
For the year ended March 31, 2008 , the company had recorded a sales turnover of Rs 232.26 crore and a net profit of Rs 15.49 crore. The company had declared dividend at the rate of 30% (Rs.3/- per equity share) for the year ended 31st March 2008.
Goa Carbon ’s domestic customers include Nalco, Hindalco, Indal, Malco, Balco, etc. Apart from Aluminium Pechiney, France, with whom GCL has a long-term supply agreement, exports are also made to Australia, Egypt, Dubai, Kuwait, Iran, Saudi Arabia, Singapore, Malaysia , Indonesia , Thailand , South Africa , Russia , Wales and England.
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
Contact:
P S Mantri Hemant Batra /
Company Secretary,
Goa Carbon Ltd.
Tel: +91 832 2441300
Fax: +91 832 2427192
legal @ goacarbon.com
Chaitali Raval
Adfactors PR Pvt. Ltd.
Tel: +91 22 22813565
Fax. +91 22 22813569
hemant @ adfactorspr.com/ chaitali @ adfactorspr.com
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