Goa Carbon shares declined 7.59% following the release of its Q1 FY27 financial results, according to latest market data. The stock movement reflects investor concerns over the company's continued losses despite some improvement in financial metrics. The decline came as part of broader market weakness, with Nifty 50 closing at 24,078.50 after surrendering most of its intraday gains amid renewed concerns over escalating US-Iran tensions and rising crude oil prices. In today's trading session, the stock opened at ₹408.40 while its previous close was at ₹411.10, reaching a high of ₹416.00 and low of ₹374.80 with an average traded price of ₹389.48. The 50 DMA stands at ₹396.97 and 200 DMA is at ₹391.46, indicating the stock is in a downtrend.
The company reported a standalone net loss of ₹6.58 crore in Q1 FY27, representing an improvement from the net loss of ₹7.95 crore recorded in Q1 FY26. However, this marks a decline from the net profit of ₹4.49 crore reported in the preceding quarter (Q4 FY26). Revenue from operations fell significantly by 67.05% YoY to ₹65.64 crore in Q1 FY27, compared with ₹199.22 crore in the corresponding quarter last year. The company also reported a pre-tax loss of ₹6.58 crore in the first quarter of FY27, which was lower than the pre-tax loss of ₹11.78 crore in Q1 FY26. According to the latest unaudited results, income from operations was ₹6,569.75 lakh compared to ₹19,925.01 lakh in Q1 FY26, while total income stood at ₹7,004.84 lakh versus ₹20,096.85 lakh in the previous year. The operating profit margin (OPM) improved to -6.70% in Q1 FY27 from -3.91% in Q1 FY26, while PBDT increased by 47% to -₹5.88 crore from -₹11.01 crore in the previous year.
According to Business Standard, total expenses decreased substantially by 63.98% YoY to ₹76.63 crore in Q1 FY27. The cost of materials consumed stood at ₹46.56 crore, down 79.43% YoY, while employee benefits expense was ₹5.43 crore, declining 8.89% YoY during the period under review. The latest unaudited results show total expenses of ₹7,663.20 lakh compared to ₹21,275.14 lakh in Q1 FY26. Key cost components included cost of materials consumed at ₹4,656.65 lakh, employee benefits expenses at ₹543.21 lakh, finance costs at ₹582.90 lakh, and depreciation and amortisation expenses at ₹70.03 lakh.
As reported by Business Standard, Goa Carbon operates in the manufacturing and selling of calcined petroleum coke from its manufacturing facilities located at Goa, Paradeep and Bilaspur. The company's business model focuses on processing petroleum coke into value-added products for various industrial applications. During Q1 FY27, the company's plants remained under shutdown for scheduled maintenance and operational optimization. The Goa and Bilaspur plants were shut for 91 days each, while the Paradeep plant was shut for 76 days. The decline in financial performance was attributed to these operational disruptions across the company's manufacturing facilities.
The company's basic earnings per share (EPS) for Q1 FY27 was a negative ₹7.19, representing a decline from the ₹4.91 EPS reported in Q4 FY26 and an improvement from the negative ₹8.69 in Q1 FY26. According to the latest unaudited results, basic and diluted earnings per equity share for the quarter were reported at a loss of ₹7.19. The company's total income for the quarter was ₹7,004.84 lakh, down from ₹20,096.85 lakh in Q1 FY26 and ₹202.61 crore in Q4 FY26. The company operates a single reportable segment, the sale of Calcined Petroleum Coke, in accordance with Ind AS 108.
