Goa Carbon Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2025.
GOACARBON · price
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Goa Carbon's board approved audited results for Q4 and FY ended March 31, 2025. Total income for FY25 fell sharply to Rs. 51,983 lakhs from Rs. 1,07,146 lakhs in FY24, a drop of roughly 52%, mainly due to lower sale of calcined petroleum coke. The company swung from a net profit of Rs. 8,550 lakhs in FY24 to a net loss of Rs. 2,203 lakhs in FY25, with loss before tax of Rs. 2,840 lakhs. EPS turned negative at Rs. (24.07). No final dividend was declared citing the loss. The board also re-appointed Mr. Anupam Misra as Executive Director for 2 more years, and re-appointed/appointed BDO India LLP (Internal Auditor), CS Shivaram Bhat (Secretarial Auditor for 5 years), and Joshi Apte and Associates (Cost Auditor). Statutory auditors B S R & Co. LLP issued an unmodified (clean) opinion. Operationally, cash flow from operations turned negative at Rs. (5,393) lakhs versus Rs. 19,608 lakhs generated last year.
A weak year for shareholders: revenue nearly halved, the company slipped into a loss, dividend was skipped, and operating cash flow turned negative. Additionally, a new income tax demand of Rs. 7,371 lakhs and ongoing Goa Green Cess disputes create significant contingent liability overhang — these are likely to weigh on the stock in the near term despite a clean audit opinion.