Blog

Review of FY18-19 Performance

a) The Company has earned its highest-ever profit after Tax in the history of the Company, amounting to Rs.153.71 Crore, as against Rs.79.31 Crore in the previous financial year.
b) During the financial year ended 31.03.2019, the Company has achieved a gross revenue from operation amounting to Rs.471.65 Crore as against Rs.342.95 Crore in the last financial year, an increase of 37.52 % as compared to the previous financial year, which is also the highest ever.
c) Production of Calcined Petroleum Coke (CPC) during the year was 88,829MT as against 85,789MT in the previous year and Electrode Carbon Paste (ECP) production was 5,478MT as against 4,622MT in the previous year, an increase of 3.54% & 18.52% respectively.
d) Further, Sales of CPC for the year under review was 73,865 MT as against 82,470 MT in the previous year, a decrease of 10.43%. ECP sales were 5,449 MT as against 4,622 MT in the previous year, an increase of 17.89%.
e) During the year production of both CPC & ECP, which is the main constituent of the Company’s turnover significantly increased as compared to the previous year, resulting in a lower cost of production due to much better capacity utilization, as well as many improved prices. However, the sales of CPC marginally decreased during the financial year 2018-19, as compared to previous financial year.
f) All of the above resulted in an excellent year for the Company, but regrettably, slowdown started from the end of 2018 and has further intensified due to the very weak global economy as well as upcoming National Elections, resulting in severe fall in both demand but more so in prices.

Financial Updates of FY21 (Fig. in Lakhs)