Integrated Filing — IndAS

General information about company
Scrip Code	509567
NSE Symbol	GOACARBON
MSEI Symbol	NOTLISTED
ISIN	INE426D01013
Name of company	Goa Carbon Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	07-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	30-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Sale and Manufacture of Calcined Petroleum Coke
Start date and time of board meeting	07-May-2025   16:20:00
End date and time of board meeting	07-May-2025   19:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-30
Indicate Company website link for updated RPT policy of the Company	https://goacarbon.com/downloads/Related_Party_Transaction_Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
The Company has not defaulted on Loans and Debt Securities.

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1321927000	5084724000
	Other income	18769000	113633000
	Total income	1340696000	5198357000
2	Expenses
(a)	Cost of materials consumed	1130730000	4563894000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	24704000	-200530000
(d)	Employee benefit expense	55115000	224348000
(e)	Finance costs	45558000	180644000
(f)	Depreciation, depletion and amortisation expense	7346000	29130000
(f)	Other Expenses
1	Other expenses	159182000	684904000
	Total other expenses	159182000	684904000
	Total expenses	1422635000	5482390000
3	Total profit before exceptional items and tax	-81939000	-284033000
4	Exceptional items	0	0
5	Total profit before tax	-81939000	-284033000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	-16545000	-63770000
9	Total tax expenses	-16545000	-63770000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-65394000	-220263000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-65394000	-220263000
17	Other comprehensive income net of taxes	1682000	12354000
18	Total Comprehensive Income for the period	-63712000	-207909000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	91511000	91511000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		2084595000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-7.15	-24.07
	Diluted earnings (loss) per share from continuing operations	-7.15	-24.07
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-7.15	-24.07
	Diluted earnings (loss) per share from continuing and discontinued operations	-7.15	-24.07
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above financial results have been reviewed by the audit committee and approved by the Board of Directors at their respective meetings held on May 7, 2025. n n2. The figures for the quarter ended March 31, 2025 and March 31, 2024 represent the difference between the audited figures in respect of full financial years and the published unaudited figures for the nine months December 31,2024 and December 31, 2023 respectively. Also, the figures upto the end of the third quarter were only reviewed and not subject to audit. n n3. The Company operates only in one segment i.e. manufacture and sale of Calcined Petroleum Coke. n n4. The Company does not have any subsidiary/associate/joint venture company (ies), as on March 31, 2025. Hence consolidated financial results are not required to be prepared. n n5. Pursuant to the Order of Hon'ble High Court dated 14th September 2023 dismissing the writ petition filed by the Company on October 7, 2019 and vacating the stay order on the proceedings of Goa Green Cess as levied by the Government of Goa, the Company had received show cause notices (SCN) on September 22, 2023 for the period FY 2014-15 to FY 2022-23 for principal amount of Cess along with interest and penalty on the same, followed by demand amounting to INR 531 lacs during the quarter ended March 31, 2024. The Company had thus reversed the excess provision in books for Goa Green Cess to the extent of INR 363 lacs during the quarter and year ended March 31, 2024 under “Other income” in the statement of profit and loss. n nFurther, the Company had filed a Special Leave Petition before the Hon'ble Supreme Court on November 11, 2023 challenging the constitutional validity of the said levy. Hon'ble Supreme Court vide its interim order dated December 7, 2023 directed the Company to pay 50% of the demand to the Government of Goa and provided stay on balance 50% of the demand amount (leading to payment of INR270 Lacs under protest) till March 31, 2024. During the current financial year, the assessment for FY 2023-24 has also been completed on August 14, 2024, post which the Company has additionally deposited 50% of the assessed amount under protest (i.e. INR48 Lacs under protest). In order to comply with Supreme Court's directions, during current financial year the Company is voluntarily filing monthly returns and depositing 50% of the self assessed amount of Green Cess under protest. n n6. On March 19, 2025, the Company has received assessment order under Section 143 (3) of the Income-tax Act, 1961 (Act) for assessment year 2023-24 under faceless assessment scheme demanding an amount of INR 7,371 Lakhs on account of disallowance under Section 68 alongwith disallowance under Section 37 of the Act. In response to the aforesaid assessment order, the Company has filed Writ Petition before the Hon’ble High Court of Bombay at Goa on the grounds of violation of principles of natural justice i.e. no opportunity of being heard was given to the Company. The writ proceedings are pending. n n7. During the year ended March 31, 2024, the National Consumer Disputes Redressal Commission – New Delhi awarded an amount of INR 217.95 lacs (which includes interest of INR 105.54 lacs) against an insurance claim filed by the Company with National Insurance Company Limited (dated August 5, 2007) on account of loss of inventory due to natural calamity occurred at Paradeep in the year 2007. The said amount has been credited in the statement of profit and loss under other income during the quarter ended December 31, 2023 and for the year ended March 31, 2024.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	268524000
	Capital work-in-progress	5950000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	102615000
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	6958000
	Total non-current financial assets	6958000
	Deferred tax assets (net)	43476000
	Other non-current assets	135590000
	Total non-current assets	563113000
2	Current assets
	Inventories	2353119000
	Current financial asset
	Current investments	0
	Trade receivables, current	662776000
	Cash and cash equivalents	1074101000
	Bank balance other than cash and cash equivalents	277244000
	Loans, current	0
	Other current financial assets	662000
	Total current financial assets	2014783000
	Current tax assets (net)	0
	Other current assets	379695000
	Total current assets	4747597000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	5310710000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	91511000
	Other equity	2084595000
	Total equity attributable to owners of parent	2176106000
	Non controlling interest
	Total equity	2176106000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	0
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	0
	Current liabilities
	Current financial liabilities
	Borrowings, current	2813633000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	16350000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	168618000
	Total Trade payable	184968000
	Other current financial liabilities	34586000
	Total current financial liabilities	3033187000
	Other current liabilities	95207000
	Provisions, current	6210000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	3134604000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	3134604000
	Total equity and liabilites	5310710000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

1. The above financial results have been reviewed by the audit committee and approved by the Board of Directors at their respective meetings held on May 7, 2025. n n2. The figures for the quarter ended March 31, 2025 and March 31, 2024 represent the difference between the audited figures in respect of full financial years and the published unaudited figures for the nine months December 31,2024 and December 31, 2023 respectively. Also, the figures upto the end of the third quarter were only reviewed and not subject to audit. n n3. The Company operates only in one segment i.e. manufacture and sale of Calcined Petroleum Coke. n n4. The Company does not have any subsidiary/associate/joint venture company (ies), as on March 31, 2025. Hence consolidated financial results are not required to be prepared. n n5. Pursuant to the Order of Hon'ble High Court dated 14th September 2023 dismissing the writ petition filed by the Company on October 7, 2019 and vacating the stay order on the proceedings of Goa Green Cess as levied by the Government of Goa, the Company had received show cause notices (SCN) on September 22, 2023 for the period FY 2014-15 to FY 2022-23 for principal amount of Cess along with interest and penalty on the same, followed by demand amounting to INR 531 lacs during the quarter ended March 31, 2024. The Company had thus reversed the excess provision in books for Goa Green Cess to the extent of INR 363 lacs during the quarter and year ended March 31, 2024 under “Other income” in the statement of profit and loss. n nFurther, the Company had filed a Special Leave Petition before the Hon'ble Supreme Court on November 11, 2023 challenging the constitutional validity of the said levy. Hon'ble Supreme Court vide its interim order dated December 7, 2023 directed the Company to pay 50% of the demand to the Government of Goa and provided stay on balance 50% of the demand amount (leading to payment of INR270 Lacs under protest) till March 31, 2024. During the current financial year, the assessment for FY 2023-24 has also been completed on August 14, 2024, post which the Company has additionally deposited 50% of the assessed amount under protest (i.e. INR48 Lacs under protest). In order to comply with Supreme Court's directions, during current financial year the Company is voluntarily filing monthly returns and depositing 50% of the self assessed amount of Green Cess under protest. n n6. On March 19, 2025, the Company has received assessment order under Section 143 (3) of the Income-tax Act, 1961 (Act) for assessment year 2023-24 under faceless assessment scheme demanding an amount of INR 7,371 Lakhs on account of disallowance under Section 68 alongwith disallowance under Section 37 of the Act. In response to the aforesaid assessment order, the Company has filed Writ Petition before the Hon’ble High Court of Bombay at Goa on the grounds of violation of principles of natural justice i.e. no opportunity of being heard was given to the Company. The writ proceedings are pending. n n7. During the year ended March 31, 2024, the National Consumer Disputes Redressal Commission – New Delhi awarded an amount of INR 217.95 lacs (which includes interest of INR 105.54 lacs) against an insurance claim filed by the Company with National Insurance Company Limited (dated August 5, 2007) on account of loss of inventory due to natural calamity occurred at Paradeep in the year 2007. The said amount has been credited in the statement of profit and loss under other income during the quarter ended December 31, 2023 and for the year ended March 31, 2024.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit plansn	-723000	-2973000
2	Equity instruments through other comprehensive incomen	4952000	18937000
	Total Amount of items that will not be reclassified to profit and loss	4229000	15964000
2	Income tax relating to items that will not be reclassified to profit or loss	2547000	3610000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	1682000	12354000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-284033000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			180644000
	Adjustments for decrease (increase) in inventories			-169051000
	Adjustments for decrease (increase) in trade receivables, current			-47764000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-178300000
	Adjustments for decrease (increase) in other non-current assets			674000
	Adjustments for other financial assets, non-current			65000
	Adjustments for other financial assets, current			-28000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			60461000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			4851000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			29130000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			717000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-799000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-18195000
	Adjustments for dividend income			844000
	Adjustments for interest income			61512000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-15339000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-215290000
	Net cash flows from (used in) operations			-499323000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			39966000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-539289000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			789000
	Purchase of property, plant and equipment			32281000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			844000
	Interest received			52749000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			780634000
	Net cash flows from (used in) investing activities	802735000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-55599000
	Repayments of borrowings			467572000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			180644000
	Income taxes paid (refund)			91510000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-795325000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-531879000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-531879000
	Cash and cash equivalents cash flow statement at beginning of period			1605980000
	Cash and cash equivalents cash flow statement at end of period			1074101000