BSE See NSE See 49,580.73
848.18 (1.74%)

Graphite India reports superlative performance in Q3FY18

Amir Shaikh
/ Categories: Mindshare
Rate this article:

Graphite India standalone revenue for the quarter came in at Rs. 933.06 crore, registering 160.1 per cent yoy increase. This was primarily driven by almost 165 per cent yoy growth in graphite and carbon business.

EBITDA for the quarter rose by 802 per cent yoy to Rs. 518.55 crore with a corresponding margin expansion of 3955 bps. EBITDA margin for the quarter stood at 55.6 per cent. This margin expansion was aided by lower cost of material consumed as proportionate to sales (~19.2 per cent in Q3FY18 compared to 35.1 per cent in Q3FY17).

The PAT for the quarter jumped nearly 14-fold to Rs. 340.53 crore. This was also attributed to lower effective tax rate in the quarter.

However, the stock of Graphite India on Tuesday remained unaffected by the good results and was trading at negative mark.

Previous Article IDFC posts 40.3 per cent decline in its PAT QoQ
Next Article Supreme Industries reports mixed performance in Q3FY18
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.