The company reported a net loss of Rs 13.77 crore in Q2 September 2019 as against a net loss of Rs 1.27 crore in Q2 September 2018. Net sales fell 10.47% to Rs 101.46 crore in Q2 September 2019 over Q2 September 2018. The result was announced during market hours today, 9 October 2019.

Goa Carbon said that Bilaspur plant was shut down for 8 days while the Paradeep plant was shut down for 33 days due to the absence of viable export and domestic orders during the quarter ended 30 September 2019.

On 7 October 2019, the company announced that its total calcined petroleum coke production was 8,307.800 metric ton (MT) valued at Rs 17 crore.

Following the Q2 results, the stock hit a lower circuit limit of 5% to end at Rs 241.45 yesterday. The stock has fallen 9.73% in two trading sessions to its current market price of Rs 229.40, from its close of Rs 254.15 on 7 October 2019.

Meanwhile, the S&P BSE Sensex was down 257.81 points or 0.68% to 37,920.14.

On the BSE, 2436 shares were traded in the Goa Carbon counter so far compared with average daily volumes of 2917 shares in the past two weeks. The stock hit a high of Rs 240 and a low of Rs 229.4 so far during the day.

The stock hit a 52-week high of Rs 780.2 on 12 Oct 2018. The stock hit a 52-week low of Rs 203 on 26 Aug 2019.

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The company's revenue from operations fell 10.59% to Rs 101.48 crore in Q2 September 2019 over Q2 September 2018. The result was announced during market hours today, 9 October 2019.

Goa Carbon said that Bilaspur plant was shut down for 8 days while the Paradeep plant was shut down for 33 days due to the absence of viable export and domestic orders during the quarter ended 30 September 2019.

On 7 October 2019, the company announced that its total calcined petroleum coke production was 8,307.800 metric ton (MT) valued at Rs 17 crore.

Meanwhile, the S&P BSE Sensex was up 494.60 points or 1.62% to 38,026.58.

On the BSE, 2428 shares were traded in the counter so far compared with average daily volumes of 13,000 shares in the past two weeks. The stock hit a high of Rs 248 and a low of Rs 241.45 so far during the day.

The stock hit a 52-week high of Rs 780.2 on 12 Oct 2018. The stock hit a 52-week low of Rs 203 on 26 Aug 2019.

The stock has underperformed the market over the past one month, sliding 5.80% compared with 1.04% fall in the Sensex. The scrip has also underperformed the market in past one year, declining 45.38% as against Sensex's 8.87% fall.

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Net Loss of Goa Carbon reported to Rs 13.77 crore in the quarter ended September 2019 as against net loss of Rs 1.27 crore during the previous quarter ended September 2018. Sales declined 10.47% to Rs 101.46 crore in the quarter ended September 2019 as against Rs 113.33 crore during the previous quarter ended September 2018.

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Goa Carbon will hold a meeting of the Board of Directors of the Company on 9 October 2019.

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