/ Goa Carbon Posts Aggrevated Net Loss In Q3 FY17 Vs FY16 Stock 9% Down ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 13 January 2017

Goa Carbon, calcined petroleum coke manufacturer, has announced its Q3 FY17 results on January 13, 2017, where company has posted a de-growth in revenues; and has posted a net loss. Company’s revenues have come in at Rs 71.95 crore, posting a de-growth of 9% QoQ and 19.9% YoY during Q3 FY17. 

Company’s EBITDA has come in at Rs 1.63 crore, reporting a de-growth of 70.9% QoQ but a growth of 640.9% YoY. This was on account of QoQ rise in raw material costs and other expenses. Company has posted a net loss of Rs 1.09 crore as against a net profit of 4.62 crore QoQ; and a net loss of Rs 0.9 crore posted during the corresponding quarter of the previous year. This was driven by higher finance costs and lower other income.

The stock of Goa Carbon has tumbled more than 9%, giving a sharp fall at the start of afternoon trade, standing at Rs 113.50. The stock has seen a double top on Friday, and hence if it doesn’t hit above Friday’s high levels, it may see some more correction.

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