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( As on 04/11/2022 15:40) Goa Carbons Q2 net profit zooms 474.51% at Rs 35.39 cr

The company reported standalone net profit of Rs 35.39 crore for the quarter ended September 30, 2022 as compared to Rs 6.16 crore in the same period last year, registering a year-on-year growth of 474.51 per cent.

Net revenue of the company rose triple digit by 183.21 per cent at Rs 426.29 crore in July-September quarter of this fiscal as against Rs 150.52 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 161.42 per cent to Rs 368.76 crore from Rs 141.06 crore in year ago period.

Other Income grew by 320.00 per cent at Rs 1.68 crore versus (Sep'21 Rs 0.40 crore).

Operating Profit surged by 508.78 per cent to Rs 57.53 crore as against Rs 9.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 114.97 per cent in September quarter.

Interest grew by 250.62 per cent y-o-y to Rs 11.29 crore, while Taxation increased by 20050.00 per cent at Rs 11.97 crore (Sep'21 Rs -0.06 crore).