Goa Carbon

Goa Carbon reported very good numbers for Q1FY18, with a jaw dropping 591% jump in net profit at Rs.6 crore. Total income rose modestly by only 23% to Rs.89 crore. What helped was the lower costs – it was at 90% of total income v/s 98% in previous Q1.

Interestingly, net profit for current Q1 is 63% of FY17 net profit of Rs.9.5 crore – with three more quarters to go, where seasonally Q2 is good, this might turn out to be a very good year for the company.

Its equity is at Rs.9.15 crore and annualized EPS is at Rs.25.