Goa Carbon Limited (GCL), a subsidiary of Dempo group, has posted net profit before tax at Rs 608.27 lakh as compared to a profit of Rs 427.23 lakh recorded in the corresponding quarter of the previous year.
GCL’s Board of Directors yesterday approved the unaudited results for the second quarter ended September 30, 2011.
A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.
The company for second quarter of FY12 netted sales at Rs 13,591.61 lakh as compared to Rs 6,309.16 lakh sales recorded in the corresponding quarter of the previous year.
"For Q2 FY12 net profit margins before interest, depreciation and tax were at 6 per cent," the company spokesman said adding that Q2 FY12 net profit before tax margins was at 4.65 per cent.
Speaking on the company’s performance, Shrinivas Dempo, Chairman, GCL, said, "In spite of global crisis and a weakening of the rupee, GCL has registered a net profit for July-September quarter.
With operational efficiency, cost effectiveness and optimum utilisation of production capacity, the company is confident of sustaining business growth and profitability in the future.
Goa Carbon’s domestic customers include NALCO, Hindalco, MALCO, BALCO. Apart from Alcan Rio-Tinto with whom GCL has a long-term supply agreement; exports are also made to Australia, Egypt, Dubai, Oman, Greece, Iran and Saudi Arabia.
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GCL’s Board of Directors yesterday approved the unaudited results for the second quarter ended September 30, 2011.
A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.
The company for second quarter of FY12 netted sales at Rs 13,591.61 lakh as compared to Rs 6,309.16 lakh sales recorded in the corresponding quarter of the previous year.
"For Q2 FY12 net profit margins before interest, depreciation and tax were at 6 per cent," the company spokesman said adding that Q2 FY12 net profit before tax margins was at 4.65 per cent.
Speaking on the company’s performance, Shrinivas Dempo, Chairman, GCL, said, "In spite of global crisis and a weakening of the rupee, GCL has registered a net profit for July-September quarter.
With operational efficiency, cost effectiveness and optimum utilisation of production capacity, the company is confident of sustaining business growth and profitability in the future.
Goa Carbon’s domestic customers include NALCO, Hindalco, MALCO, BALCO. Apart from Alcan Rio-Tinto with whom GCL has a long-term supply agreement; exports are also made to Australia, Egypt, Dubai, Oman, Greece, Iran and Saudi Arabia.
....more info