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Goa Carbon Sees ‘Significant Jump’ In Petcoke Selling Price
Goa Carbon reported strong results in the quarter-ended December.
08 Jan 2018, 03:59 PM IST 
A worker displays coal fragments at a coal wholesale market in Mumbai (Photographer: Dhiraj Singh/Bloomberg)
Petcoke refiner Goa Carbon Ltd. expects a significant jump in cost of its goods and a marginal increase in production, Chairman Shrinivas Dempo said.
The company has already seen an increase in its product prices due to higher raw material prices, most of which it has been able to pass on to end buyers, he told BloombergQuint in an interview.
Goa Carbon reported strong results in the October-December quarter, driven by the strong demand for calcined petroleum coke from aluminium companies as China shut down capacities, Dempo said. Goa Carbon is the second largest manufacturer of calcined petroleum coke in India.
Key highlights from Q3 earnings (YoY):
- Revenue up 160 percent at Rs 187 crore.
- Net profit at Rs 22.5 crore versus net loss of Rs 0.9 crore.
- Ebitda up at Rs 38.3 crore versus Rs 1.9 crore.
- Margin at 20.5 percent versus 2.6 percent.
Watch the full conversation here: