Goa Carbon posts Rs 21.41 crore quarterly loss amid plant shutdowns
GOACARBON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sales fell 13.9% year on year in the quarter to Rs 102.38 crore, and the net loss was Rs 21.41 crore against Rs 10.13 crore. Half-year sales rose 22.3%, but the loss widened to Rs 29.36 crore. Plants were shut 67 to 92 days. A Rs 7.41 crore deferred tax asset write-down drove the loss and operating cash outflow was Rs 29.72 crore; the year-to-date margin before interest, tax, depreciation and amortisation fell to about minus 4.3% from 0.6%.
Negative: losses and cash burn persist, and borrowings were 2.08 times equity. Higher leverage and plant shutdowns may pressure the stock.