Goa Carbon hits a new high
![No image](https://images.sptulsian.com/articles/Goa-Carbon-hits-a-new-high.jpg)
Engaged in the manufacture of Calcined Petroleum Coke, Goa Carbon continued with the superlative run, like the one it had in Q2FY18.
The company announced its Q3FY18 numbers on Saturday and on the back of pure operational performance, posted a net profit of Rs.22 crore v/s loss of Rs.90 lakh in previous Q3 and sequentially it jumped up 95%.
Its topline aided the jump in bottomline – revenue from operations (net of GST) was up 160% (YoY) at Rs.187 crore. This trickled down well with EBITDA rising 19 times to Rs.38 crore v/s Rs.2 crore last Q3. Margins are at 20.5% v/s 2.6%.
Its interest cost for the quarter came in at Rs.1 crore v/s Rs.4 crore (YoY) and this includes a forex gain of Rs.1.84 crore.
Its 9MFY18 net profit stands at Rs.71 crore v/s Rs.16 crore for FY17, indicating that the current fiscal is clearly one of its best ever.
Its equity is small at Rs.9.15 crore and annualized EPS stands at Rs.61 (FV of Rs.10).
The market is obviously thrilled to bits with this performance and it reacted with a 5% jump the moment it opened for trading, hitting its 52-week high at Rs.1061.05.