GOA CARBON LIMITED

Calcines raw petroleum coke into calcined petroleum coke (CPC) at three plants in Goa, Paradeep (Odisha), and Bilaspur. The product is sold as a single business segment, supplying industrial buyers that use CPC as a carbon additive. FY26 revenue from operations grew 37% to Rs 69,642 lakhs from Rs 50,847 lakhs, with sales of products (net) at Rs 59,809 lakhs against Rs 50,801 lakhs in FY25. The company nonetheless reported a net loss of Rs 4,823 lakhs in FY26 against Rs 2,203 lakhs in FY25, weighed by raw material costs of Rs 64,161 lakhs and finance costs of Rs 2,339 lakhs versus Rs 1,805 lakhs. Materials account for 92.1% of revenue. All three plants underwent extended scheduled maintenance shutdowns in FY26 — Goa 82 days, Bilaspur 90 days, Paradeep 10 days — and into Q1 FY27, when the Goa and Bilaspur plants were down for 91 days and Paradeep for 76 days, pushing that quarter's revenue to Rs 65.7 cr from Rs 199.3 cr a year earlier. Q4 FY26 returned to profitability with a standalone profit of Rs 449 lakhs once production resumed. Borrowings were reduced to Rs 18,740 lakhs from Rs 28,136 lakhs, and the promoter V.S. Dempo Holdings pledged 55.39% of equity to back a Rs 50 crore working capital facility from 360ONE Prime.