Goa Carbon, engaged in the manufacture and sale of calcined petroleum coke, on January 28 reported standalone net loss of Rs 13.1 million for December quarter 2020 as against net loss of Rs 41.2 million during the previous quarter ended December 2019.

Sales declined 24.03% to Rs 812 million in the quarter ended December 2020 as against Rs 1068.8 million during the previous quarter ended December 2019.

Total expenses dropped 26% to Rs 825.64 million for December quarter 2020 compared with Rs 1,115.88 million in the same period previous fiscal.

Shares of the company declined Rs 9.70, or 3.65%, to settle  at  Rs 256.30.  The total volume of shares traded  was  2,267 at  the BSE (Thursday).