Interest expense pushed Goa Carbon to a Rs 1 cr standalone loss
Operating profit of Rs 5.79 cr was absorbed by Rs 10.26 cr of interest, with other income of Rs 4.22 cr unable to offset the drag.
Filed 05 Nov 2026, 16:38 IST · after market close · Goa Carbon Ltd (GOACARBON)
Key takeaways
- Goa Carbon reported a standalone net loss of Rs 1.00 cr in Q2FY27 despite operating profit of Rs 5.79 cr.
- Interest of Rs 10.26 cr exceeded operating profit, while Rs 4.22 cr of other income was not enough to prevent a pre-tax loss of Rs 1.00 cr.
- Operating margin of 2.27% was 10.58 percentage points below the 12.85% median for 126 reported Commodities peers.
Price around the results
Interest erased the operating profit
Goa Carbon's standalone operations generated Rs 5.79 cr of operating profit, but interest expense was Rs 10.26 cr and depreciation was Rs 0.76 cr. Other income of Rs 4.22 cr narrowed the gap but did not prevent profit before tax from turning negative at Rs 1.00 cr. The tax rate was 0.00%, so the loss carried through to net profit.
Operating margin trails the Commodities peer set
The 2.27% operating margin was 10.58 percentage points below the 12.85% median among 126 Commodities companies that have reported the quarter. Goa Carbon ranked 13th from the bottom on this measure, indicating that cost absorption and financing pressure left its operating performance near the lower end of the reported peer group.
Results filed after the market close
The standalone results were filed at 16:38 IST on 5 November 2026, after market close. The key market question is whether investors focus on the Rs 5.79 cr operating profit or on the Rs 1.00 cr net loss caused by interest and depreciation.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹255 cr |
| Other income | ₹4 cr |
| Expenses | ₹249 cr |
| Operating profit | ₹6 cr |
| Operating margin (%) | 2.27% |
| Interest | ₹10 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹-1 cr |
| Tax | ₹0 cr |
| Net profit | ₹-1 cr |
| EPS (₹) | ₹-1.09 |
Operating margin of 2.27% compares with a Commodities sector median of 12.85% across 126 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -2.71% | -4.72% |
Volume on the results session was 0.57× its 20-day average.
What to watch
- Whether operating margin moves above 2.27%.
- Whether interest expense falls below operating profit of Rs 5.79 cr.
- Whether net profit recovers from the Rs 1.00 cr loss.