A worker displays coal fragments at a coal wholesale market in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

Goa Carbon Sees More Pressure On Input Costs As U.S.-China Trade War Escalates

Goa Carbon Ltd. is wary of a further spike in green coke prices.

The prices of the raw material have risen $10-12 per tonne on a quarter-on-quarter basis, hurting the petrochemical company’s financials, its Managing Director and Chief Executive Officer Shrinivas Dempo told BloombergQuint in a post-earnings interaction.

Green coke prices came under pressure following the launch of another calcined petroleum coke plant in China – the main source of the raw material for Goa Carbon – amid the ongoing trade conflict with the U.S, he said. This increased domestic demand for the raw material in China pushed up prices of exports.

Key Earnings Highlights:

  • Revenues up 60 percent to Rs 125 crore year-on-year.
  • Net profit up 17 percent to Rs 7 crore.
  • Earnings before interest, tax, depreciation and amortisation up 53 percent to Rs 14.5 crore.
  • Margins at 11.6 percent versus 12.2 percent in the same quarter last year.

Also read: Goa Carbon Sees ‘Significant Jump’ In Petcoke Selling Price

Watch the full conversation here: