GOA CARBON = RESULTS FOR = Q4 FY 2011 & FY 2011 = SALES UP BUT OTHERWISE PROFITS ARE LACK LUSTRE

Goa Carbon Limited

NSE Symbol   GOACARBON

GOA CARBON has declared its Q4 results and FY 2011 results.

Net Sales of Q4 is Rs.94.27 cr – up by 18.08% from Q3; up by 57.32% from Q2; up by 179.41% from Q1; up by 90.41% from Q4 FY 10; and up by 40.83% from FY 2011 proportionately (Q4 FY 11 x 4).

Total Expenditure is Rs.91.15 cr – up by 23.28% from Q3; up by 66.39% from Q2; up by 200.55% from Q1; up by 99.42% from Q4 FY 10; and up by 45.72% from FY 11 proportionately.

Profit from Operations is Rs.3.91 cr – down by 37.13% from Q3; down by 24.16% from Q2; up by 13.08% from Q1; down by 24.41% from Q4 FY 10; and down by 16.55% from FY 11 proportionately.

Profit  before tax is Rs.3.15 cr – down by 23.15% from Q3 ; down by 26.3% from Q2; up by 25.62% from Q1; down by 21.1% from Q4 FY 10; and down by 10.19% proportionately from FY 2011.

Net Profit       is Rs.1.98 cr – down by 29.47% from Q3; down by 28.92% from Q2; Up by 21.5% from Q1; up by 21.87& from Q4 FY 10; and down by 13.94% proportionately from FY 2011.

Basic EPS is Rs.2.16 in Q4; against Rs.3.06 in Q3; Rs.3.04 in Q2; Rs.1.78 in Q1; Rs.1.77 in Q4 FY 10; and Rs.10.04 in FY 2011 totally.

RESULTS TABLE :

GOA CARBON	31-Mar-11	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	FY 2011
Net Sales	9426.79	7983.09	5991.98	3373.87	4950.89	26775.73
Net Sales	9426.79	18.08	57.32	179.41	90.41	40.83
Other Operating Income	79.69	33.17	2.03	4.85	137.4	119.74
Incre/decr in SIT/WIP	14.91	-2856.62	1739.64	-1142.41	317.24	-2244.48
Raw Materials	7552.86	8702.24	2781.37	3409.44	3493.5	22445.91
Employees Cost	311.4	267.69	277.41	289.31	311.11	1145.81
Depreciation	63.04	69.27	63.55	62.79	62.4	258.65
Other Expenditure	1173.24	1211.75	606.72	413.78	386.75	3405.49
Total Expenditure	9115.45	7394.33	5478.44	3032.91	4571	25021.13
Total Expenditure	9115.45	23.28	66.39	200.55	99.42	45.72
Profit from Operations	391.03	621.93	515.57	345.81	517.29	1874.34
Profit from Operations	391.03	-37.13	-24.16	13.08	-24.41	-16.55
Other Income	64.45	27.13	8	7.02	4.33	106.6
Interest	140.6	239.34	96.34	102.16	122.55	578.44
Profit  before tax	314.88	409.72	427.23	250.67	399.07	1402.5
Profit  before tax	314.88	-23.15	-26.3	25.62	-21.1	-10.19
Tax expense	117.12	129.34	149.01	87.91	236.8	483.38
Net Profit	197.76	280.38	278.22	162.76	162.27	919.12
Net Profit	197.76	-29.47	-28.92	21.5	21.87	-13.94
Dividend (%)	40	-	-	-	20	40
Face Value (In Rs	10	0	10	10	10	10
Paid Up Equity	915.11	915.11	915.11	915.11	915.11	915.11
Basic EPS	2.16	3.06	3.04	1.78	1.77	10.04
Public Holding (%)	41.02	0	41.75	41.75	41.87	41.02

ANNOUNCEMENTS

TO NSE

06-04-2011        Goa Carbon Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 06, 2011 has recommended dividend of 40% (i.e., Rs.4/- per share of Rs.10/- each) subject to the approval of shareholders in their Annual General Meeting.

13-12-2010        the Company has entered into a Joint Venture Agreement and executed the same with Sinoway International Holdings Limited (Hong Kong based Company) to form a Joint Venture Company in Hong Kong which will invest in setting up a company in China, to establish Calcined Petroleum Coke manufacturing plant. Further the Company will invest in JV Company through its Wholly Owned Subsidiary Company, GCL Global Resources SGP Pte. Ltd. (Singapore registered company) and will hold 51% equity in Joint Venture Company.

02-11-2010        "With reference to the Company's appeal before the High Court of Bombay at Goa against the order of the Income Tax Appellate Tribunal in respect of the disallowance of deduction under Section 80 HHC of the Income Tax Act, 1961, we wish to inform that the Hon'ble High Court of Bombay at Goa vide its Order dated 21.10.2010 has ruled in favour of the Company by setting aside the impugned Tribunal's Order."

17-06-2010        "The name of our Promoter Company has been changed from "Esmeralda Investments Pvt. Ltd. to "V. S. Dempo Holdings Pvt. Ltd".

02-06-2010        "Goa Carbon Limited has entered and signed MOU with Sinoway International Holdings Limited (Hong Kong based Company) to form a Joint Venture Company, to set up jointly a company a China, to establish Calcined Petroleum Coke manufacturing unit."

12-04-2010        " Goa Carbon posts Rs.162.27 lakh profit in Q4 Recommends dividend of 20%".

09-04-2010        the Board of Directors in their meeting held on April 09, 2010 has recommended dividend of 20% (i.e. Rs.2/- per share of Rs.10/- each) subject to the approval of shareholders in their Annual General Meeting.

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