Goa Carbon Ltd., a petroleum coke manufacturer based in India announced its results for the second quarter ended September 30, 2020.
Q2 Results- QoQ
The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 5.07 crores ($0.69 million) for the previous quarter.
Net sales increased 58% to Rs 88.31 crores ($12 million) during the period ended September 30, 2020 as compared to Rs 55.82 crores ($7.6 million) during the previous quarter.
Q2 Results- YoY
The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 13.77 crores ($1.9 million) for the prior-year quarter.
Net sales declined 13% to Rs 88.31 crores ($12 million) during the period ended September 30, 2020 as compared to Rs 101.76 crores ($13.9 million) during the prior-year quarter.
Half-Year Results- YoY
The company reported a net loss of Rs 10.1 crores ($1.4 million) for the 6 months period ended September 30, 2020 as against net loss of Rs 18.79 crores ($2.6 million) for the prior-year 6 months period.
Net sales dropped 40.5% to Rs 144.14 crores ($19.7 million) during the 6 months period ended September 30, 2020 as compared to Rs 242.13 crores ($33 million) during the prior-year 6 months period.
The company said that due to the absence of viable export and domestic orders, the plants of the Company were shut down during the quarter ended Sept 30, 2020, as under i) Goa Plant – 36 days ii) Bilaspur Plant – 69 days iii) Paradeep Plant – 28 days.