Goa Carbon has declared the results for the quarter ended on September 30, 2009.

During the quarter under review, the company has reported a net loss of Rs 5.10 crore, while it had clocked a net profit of Rs 2.81 crore in the corresponding quarter previous year.

Company's total income in the latest quarter has been drooped to Rs 74.84 crore, as compared to Rs 103.24 crore in the similar quarter in the corresponding year.

The board members of the company have also sanctioned to raise Rs100 crore by issuing shares on right basis for the China project, working capital as well as general corporate purposes.

Goa Carbon Limited was established as a public limited conglomerate in 1967, with a paid-up capital of around Rs 91.5 million, and engages in the business of manufacture and marketing of Calcined Petroleum Coke.