Goa Carbon share price races to 52-week high after firm stages operationally strong Q3 show

Goa Carbon (GOACARBON) shares surged on Wednesday after the calcined petroleum coke manufacturer reported an operationally strong set of quarterly numbers

Goa Carbon is a manufacturer of calcined petroleum coke. | goacarbon.com

Calcined petroleum coke manufacturer Goa Carbon's shares surged to scale a fresh 52-week high on Wednesday after the company reported an operationally strong set of quarterly numbers. The stock of Goa Carbon (GOACARBON) zoomed by as much as Rs 121.1, or 20 per cent, to Rs 726.7 apiece on BSE.

Goa Carbon shares finished the day with a gain of 19.2 per cent at Rs 721.8 apiece.

Goa Carbon Q3 results

After market hours on Tuesday, Goa Carbon reported a 35.2 per cent year-on-year jump in net profit to Rs 34.6 crore.

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Its quarterly revenue, however, dropped to Rs 272.4 crore for the fiscal third quarter from Rs 416.8 crore a year ago, according to a regulatory filing.

The company's margin, a key measure of profitability for businesses, improved by 640 basis points on a year-on-year basis to 17.2 per cent for the December quarter.

Its total expenses decreased 40.5 per cent to Rs 229.6 crore owing to a 50.3 per cent fall in the cost of material consumed.

Goa Carbon dividend

Goa Carbon declared an interim dividend of Rs 10 per share with January 29 as the record date.

When will Goa Carbon pay the dividend?

The company said the interim dividend will be paid on or before February 7.

Goa Carbon share price: Past performance

Goa Carbon shares have rewarded investors with a return of 17.6 per cent in a year, almost in line with a 20 per cent gain in the headline Nifty50 index.

What does Goa Carbon do?

Operating in the business of manufacturing and marketing of calcined petroleum coke, Goa Carbon has three calcination plants with a total capacity of 3,08,000 TPA, according to its website, goacarbon.com.

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