Goa Carbon Q1 FY27: Revenue crashes 67% but cost cuts help narrow net loss to Rs. 658 lakh
By: ICN Bureau
Last updated : July 17, 2026 9:56 am
The company highlighted a major contraction in operating income, lower production-related expenses, and a year-on-year improvement in profitability
Goa Carbon Limited has reported a sharp revenue decline in the first quarter of fiscal year 2027, with a steep fall in business activity pushing the company back into losses on a sequential basis.
However, aggressive cost rationalisation helped the company reduce its net loss compared with the same quarter last year.
The company announced its unaudited financial results for the quarter ended June 30, 2026, highlighting a major contraction in operating income, lower production-related expenses, and a year-on-year improvement in profitability.
Goa Carbon’s consolidated revenue from operations, including sales and other operating income, plunged to Rs. 6,569.75 lakh in Q1 FY27, marking a 67% decline from Rs. 19,925.01 lakh reported in Q1 FY26.
On a sequential basis, revenue also dropped sharply by 67.3% from Rs. 20,112.18 lakh recorded in Q4 FY26.
The company received limited support from other income, which increased to Rs. 435.09 lakh during the quarter, compared with Rs. 171.84 lakh in the year-ago period and Rs. 149.33 lakh in the previous quarter.
As a result, total income fell to Rs. 7,004.84 lakh, compared with Rs. 20,096.85 lakh in Q1 FY26 and Rs. 20,261.51 lakh in Q4 FY26.
With revenues under pressure, Goa Carbon sharply reduced expenses during the quarter. Total expenses declined to Rs. 7,663.20 lakh, compared with Rs. 21,275.14 lakh in Q1 FY26 and Rs. 19,802.68 lakh in Q4 FY26.
The biggest reduction came from raw material costs. Cost of materials consumed fell nearly 79.4% year-on-year to Rs. 4,656.65 lakh, compared with Rs. 22,639.23 lakh in the same quarter last year.
Other expenses also moderated, with administrative and manufacturing costs declining to Rs. 877.48 lakh from Rs. 1,952.66 lakh in Q1 FY26.
Finance costs increased slightly to Rs. 582.90 lakh, compared with Rs. 493.52 lakh a year earlier, while employee benefit expenses eased to Rs. 543.21 lakh from Rs. 596.17 lakh.
Goa Carbon reported a net loss after tax of Rs. 658.36 lakh in Q1 FY27.
While the company slipped from a net profit of Rs. 449.31 lakh in Q4 FY26, the latest loss was significantly lower than the Rs. 795.25 lakh loss recorded in Q1 FY26.
The company’s total comprehensive loss stood at Rs. 547.02 lakh after accounting for other comprehensive income of Rs. 111.34 lakh, compared with a comprehensive loss of Rs. 739.04 lakh in the corresponding quarter last year.