GOACARBON2024-07-012024-09-30 GOACARBON2024-07-012024-09-30 GOACARBON2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member GOACARBON2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member GOACARBON2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509567 GOACARBON NOTLISTED Goa Carbon Limited Equity 2024-04-01 2025-03-31 2024-11-08 2024-10-30 INR Lakhs Half yearly 15:30:00 17:10:00 2024-11-08 2024-11-08 true Cash Flow Direct Not applicable Single segment Manufacture and Sale of Calcined Petroleum Coke 2024-07-01 2024-09-30 Unaudited Standalone 1190156000.00 35000000.00 1225156000.00 973037000.00 0.00 108516000.00 57824000.00 45541000.00 7288000.00 173103000.00 1365309000.00 -140153000.00 0.00 -140153000.00 0.00 -38879000.00 -38879000.00 0.00 -101274000.00 0.00 0.00 0.00 0.00 -101274000.00 4254000.00 -97020000.00 0.00 0.00 91511000.00 10 -11.07 -11.07 0.00 0.00 -11.07 -11.07 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 8th November 2024. 2. The statutory auditors of the Company have conducted a limited review of the above unaudited financial results for the quarter and year-to-date ended 30th September 2024. An unqualified report has been issued by them thereon. 3. The Company operates only in one segment i.e. manufacture and sale of Calcined Petroleum Coke. 4. The Company's appeal to the High Court of Bombay at Goa against the order of the Income Tax Appellate Tribunal which had confirmed the disallowance of the deduction under section 80HHC of the Income Tax Act, 1961 for Assessment Years 1993-94 to 2004-05 was allowed by the High Court vide its order dated 21st October 2010. The income tax department has filed a Special Leave petition before the Honourable Supreme Court. The petition has been admitted and is pending for hearing. The amount of disputed tax and interest paid on this account is INR 901 lacs. 5. Pursuant to the Order of Hon'ble High Court dated 14th September 2023 dismissing the writ petition filed by the Company on 7th October 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 22nd September 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 in the quarter ended 31st March 2024. The Company had thus reversed the excess provision in books for Goa Green Cess to the extent of INR 363 lacs during the year ended 31st March, 2024 under “Other income” in the statement of profit and loss. Further, the Company had filed a Special Leave Petition before the Hon'ble Supreme Court on 11th November 2023 challenging the constitutional validity of the said levy. Hon'ble Supreme Court vide its interim order dated 7th December 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 INR 270 Lacs under protest). During the current quarter, the assessment for FY 2023-24 has also been completed on 14th August 2024, post which the Company has deposited 50% of the assessed amount under protest (i.e. INR 48 Lacs under protest). The Company has also filed appeal before the Asst/Additional Commissioner of Commercial Taxes in the month of April 2024 against the Assessment Orders relating to the period from FY 2014-15 to FY 2019-20 on the grounds of period of limitation. 6. On 15 May 2024, the Board of Directors of the Company has proposed a final dividend of INR 10/- per equity share in respect of the year ended 31 March 2024 which has been approved by shareholders at the Annual General Meeting held on 10th September 2024 and has resulted in a cash outflow of INR 915.10 lacs. 7. The Company does not have any subsidiary/associate/joint venture company (ies), as on 30th September 2024. Hence consolidated financial results are not required to be prepared. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 2468102000.00 70353000.00 2538455000.00 2076560000.00 0.00 -1589000.00 114226000.00 98616000.00 14318000.00 334475000.00 2636606000.00 -98151000.00 0.00 -98151000.00 11902000.00 -38623000.00 -26721000.00 0.00 -71430000.00 0.00 0.00 0.00 0.00 -71430000.00 10666000.00 -60764000.00 0.00 0.00 91511000.00 10 -7.81 -7.81 0.00 0.00 -7.81 -7.81 Other expenses 173103000.00 Other expenses 334475000.00 269639000.00 0.00 0.00 0.00 0.00 0.00 0.00 97020000.00 0.00 0.00 0.00 7031000.00 7031000.00 20762000.00 134567000.00 529019000.00 2310318000.00 0.00 736211000.00 1010757000.00 470625000.00 0.00 592000.00 2218185000.00 0.00 195678000.00 4724181000.00 0.00 0.00 5253200000.00 91511000.00 2231741000.00 2323252000.00 2323252000.00 42584000.00 0.00 0.00 42584000.00 0.00 0.00 0.00 0.00 42584000.00 2594713000.00 142534000.00 17493000.00 2754740000.00 91130000.00 8168000.00 33326000.00 0.00 2887364000.00 0.00 0.00 2929948000.00 5253200000.00 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 8th November 2024. 2. The statutory auditors of the Company have conducted a limited review of the above unaudited financial results for the quarter and year-to-date ended 30th September 2024. An unqualified report has been issued by them thereon. 3. The Company operates only in one segment i.e. manufacture and sale of Calcined Petroleum Coke. 4. The Company's appeal to the High Court of Bombay at Goa against the order of the Income Tax Appellate Tribunal which had confirmed the disallowance of the deduction under section 80HHC of the Income Tax Act, 1961 for Assessment Years 1993-94 to 2004-05 was allowed by the High Court vide its order dated 21st October 2010. The income tax department has filed a Special Leave petition before the Honourable Supreme Court. The petition has been admitted and is pending for hearing. The amount of disputed tax and interest paid on this account is INR 901 lacs. 5. Pursuant to the Order of Hon'ble High Court dated 14th September 2023 dismissing the writ petition filed by the Company on 7th October 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 22nd September 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 in the quarter ended 31st March 2024. The Company had thus reversed the excess provision in books for Goa Green Cess to the extent of INR 363 lacs during the year ended 31st March, 2024 under “Other income” in the statement of profit and loss. Further, the Company had filed a Special Leave Petition before the Hon'ble Supreme Court on 11th November 2023 challenging the constitutional validity of the said levy. Hon'ble Supreme Court vide its interim order dated 7th December 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 INR 270 Lacs under protest). During the current quarter, the assessment for FY 2023-24 has also been completed on 14th August 2024, post which the Company has deposited 50% of the assessed amount under protest (i.e. INR 48 Lacs under protest). The Company has also filed appeal before the Asst/Additional Commissioner of Commercial Taxes in the month of April 2024 against the Assessment Orders relating to the period from FY 2014-15 to FY 2019-20 on the grounds of period of limitation. 6. On 15 May 2024, the Board of Directors of the Company has proposed a final dividend of INR 10/- per equity share in respect of the year ended 31 March 2024 which has been approved by shareholders at the Annual General Meeting held on 10th September 2024 and has resulted in a cash outflow of INR 915.10 lacs. 7. The Company does not have any subsidiary/associate/joint venture company (ies), as on 30th September 2024. Hence consolidated financial results are not required to be prepared. 2339248000.00 0.00 0.00 0.00 0.00 0.00 2211826000.00 0.00 114226000.00 0.00 0.00 303143000.00 -289947000.00 0.00 0.00 0.00 28061000.00 0.00 -318008000.00 0.00 0.00 283088000.00 0.00 0.00 0.00 10000.00 9888000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 844000.00 33154000.00 0.00 305210000.00 0.00 612418000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 699507000.00 0.00 0.00 91510000.00 98616000.00 0.00 0.00 -889633000.00 -595223000.00 0.00 -595223000.00 1605980000.00 1010757000.00 4700000.00 11843000.00 446000.00 1177000.00