Graphite India Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Genus Power Infrastructures Ltd, Rolex Rings Ltd, Vodafone Idea Ltd and K E C International Ltd are among the other losers in the BSE's 'A' group today, 05 December 2024.

Graphite India Ltd tumbled 6.15% to Rs 571.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.07 lakh shares were traded on the counter so far as against the average daily volumes of 79982 shares in the past one month.

Genus Power Infrastructures Ltd lost 4.99% to Rs 439.75. The stock was the second biggest loser in 'A' group.On the BSE, 1.82 lakh shares were traded on the counter so far as against the average daily volumes of 77332 shares in the past one month.

Rolex Rings Ltd crashed 3.86% to Rs 2015. The stock was the third biggest loser in 'A' group.On the BSE, 1798 shares were traded on the counter so far as against the average daily volumes of 977 shares in the past one month.

Vodafone Idea Ltd dropped 3.80% to Rs 8.09. The stock was the fourth biggest loser in 'A' group.On the BSE, 543.72 lakh shares were traded on the counter so far as against the average daily volumes of 588.99 lakh shares in the past one month.

K E C International Ltd plummeted 3.61% to Rs 1205.45. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.03 lakh shares were traded on the counter so far as against the average daily volumes of 45359 shares in the past one month.

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Net profit of Graphite India declined 75.75% to Rs 195.00 crore in the quarter ended September 2024 as against Rs 804.00 crore during the previous quarter ended September 2023. Sales declined 18.92% to Rs 643.00 crore in the quarter ended September 2024 as against Rs 793.00 crore during the previous quarter ended September 2023.

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Graphite India will hold a meeting of the Board of Directors of the Company on 11 November 2024

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Revenue from operations declined 2.54% year on year (YoY) to Rs 728 crore in the quarter ended June 2024.

The firm reported a profit before tax of Rs 284 crore in first quarter of FY25 as compared with pre-tax loss of Rs 37 crore posted in same quarter last year.

For Q1, EBITDA stood at Rs 307 crore as against EBITDA loss of Rs 13 crore posted in Q1 FY24. EBITDA margin was at 42.2% in June 2024 quarter as compared to negative EBITDA margin of 1.7% recorded in the similar period a year ago.

K K Bangur, chairman of Graphite India, said, “In Q1 FY25, Graphite India registered consolidated net sales of Rs 728 crore, a marginal decline of 2.5% compared to Q1 FY24. Net sales was driven by higher volumes offset by lower realisations. The company delivered EBITDA of Rs 307 crore, which includes other income of Rs 194 crore, and net profit of Rs 236 crore. Capacity utilization increased to 87% as compared to 67% in Q1 FY24. Graphite India continues to be well capitalised with a net cash balance of Rs 3,729 crore at the end of 30 June 2024.

During the quarter, global crude steel production excluding China increased by 1.8% on YoY and a decline of 0.3% on QoQ. Except for India and Middle East which increased production by 10.6% and 12.5% respectively, all other major countries either recorded marginally increased or declined steel production. The increase in India’s steel production was correlated to the government spending on the infrastructure and construction sectors. Both these sectors are expected to jointly account for 67% of India’s steel demand until 2030.

While the pricing for graphite electrodes continues to remain under pressure, the decline in the cost of imported needle coke is not commensurate, thereby impacting operating margins.

Graphite India is the largest Indian producer of graphite electrodes and one of the largest globally, by total capacity. Its manufacturing capacity of 98,000 tonnes per annum is spread over three plants at Durgapur and Nashik in India and Nurnberg in Germany. It manufactures the full range of graphite electrodes but stays focused on the higher margin, large diameter, ultra-high power (UHP) electrodes.

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