Goa Carbon's Loss In Q2 FY26 Expands to ₹21.4 Crore As Revenue Drops 14% Year-on-Year

Panji, 29 October 2025- Goa Carbon reported a net loss of ₹21.4 crore for the quarter ending September 30, 2025. That’s a bigger loss than last year, when they lost ₹14.0 crore in the same quarter. Revenue fell 14% year-on-year, driven by weaker sales prices and lower operating income.

Key Financial Highlights

In Q2 FY26, total income dropped 14.1% compared to the same quarter last year, landing at ₹10,523.59 lakh. Expenses also fell, down 12.7% to ₹11,923.22 lakh. Net loss for the quarter hit ₹2,140.79 lakh, more than doubling year-on-year and jumping 169.1% from the previous quarter. Lower revenue from operations and ongoing quarterly losses drove the decline.

Summary of Performance

Total revenue from operations decreased to ₹102.47 crore from ₹119.02 crore in the corresponding quarter of last year, primarily due to lower sales volumes and weaker price realizations in the calcined petroleum coke segment.

Operating costs remained elevated on account of material costs of ₹44.55 crore and other expenses of ₹12.29 crore. However, all cost rationalisation initiatives have yet to bring the company back into the black.

Half-Year FY26 Summary

For the six months ending September 30, 2025, Goa Carbon reported total income of ₹306.20 crore, up from ₹253.85 crore in the previous period, representing a 20.6% increase. However, the net loss grew to ₹29.36 crore from ₹7.14 crore in H1 FY25, driven by higher input costs and inventory write-downs.

Total Comprehensive Loss and Equity

The company posted a total comprehensive loss of ₹22.08 crore for the quarter, compared to a loss of ₹9.70 crore in the corresponding previous quarter. The paid-up equity share capital was ₹9.15 crore, with other equity of ₹20,845.95 lakh as of March 31, 2025.

Share Performance of the Company

As of 29 October 2025, the shares of Goa Carbon Limited were closed at ₹450.20, down 7.35 or 1.61% from its previous close of ₹457.55. The share opened at ₹464.80 and traded between ₹478.15 and ₹443.60, with a high and low.

Goa Carbon Limited, a member of the Dempo Group, is a leading manufacturer of calcined petroleum coke in India. The company has manufacturing plants in Goa, Paradeep, and Bilaspur, and caters to aluminium, steel, and other metallurgical industries. The stock is listed on the BSE and NSE.

REF: https://nsearchives.nseindia.com/corporate/GOACARBON_29102025143154_GOACARBON_Outcome_Board_Meeting_Q2FY2526_30092025.pdf

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