Goa Carbon hits 25-year high!

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.

The stock price which has been hitting new highs consistently for past few days, hit another new high today at Rs.383 – this is a 25-year high; its life time high stands at Rs.450, hit on 30^th March 1992.