The Board of Directors of Goa Carbon Ltd (GCL) approved the unaudited results for the second quarter ended September 30. A Dempo group company, GCL is the second largest manufacturer of calcined petroleum coke (CPC) in the country.
The net profit for the second quarter ended on September 30 stands at Rs 13.76 crore as compared to Rs 4.72 crore for the same period last year, while comprehensive income has grown to Rs 13.59 crore in second quarter vs Rs 4.70 crore for the corresponding period.
The revenue has gone up to Rs 151.71 crore from Rs 91.55 crore last year.
Goa Carbon Limited chairman Shrinivas Dempo said, “We are delighted to achieve 100 per cent capacity utilisation, during the quarterly period ended September 30. We attribute this growth to a growing demand for aluminium and steel in the country which has also favoured our growth during this quarter.”
He further said, “Our next six months order book position also looks strong and we are confident to maintain our position.”
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 Chhattisgarh (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.