Graphite India reports superlative performance in Q3FY18
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.