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GIL reports another blockbuster quarter

Dnyanada Kulkarni
/ Categories: Mindshare, Markets
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Graphite India Limited (GIL) released data pertaining to its consolidated financial performance for the quarter ended September, 2019. Revenue from operations surged 19.33 per cent to Rs. 2,345 crore in Q2FY19 from Rs. 1,965 crore in Q1FY19. EBITDA increased to Rs. 1,640 crore in Q2FY19 from Rs. 1,436 crore in Q1FY19, registering an increase of 14.20 per cent. Net Profit rose to Rs. 1,113 crore in Q2FY19 from Rs. 957 crore in Q1FY19, posting a growth of 16.30 per cent.


While the QoQ growth is positive, the consolidated Y-o-Y growth is even more impressive. Revenue from operations increased to Rs. 2,345 crore in Q2FY19 from Rs. 528 crore in Q2FY18, demonstrating a growth of 344 per cent. EBITDA rose to Rs. 1,640 crore in Q2FY19 from Rs. 144 crore in Q2FY18, posting a staggering growth of 1,038.88 per cent. Net Profit escalated to Rs. 1,113 crore in Q2FY19 from Rs. 103 crore in Q2FY18, showcasing a growth of 980.58 per cent.


The company’s Earnings Per Share (EPS) increased to Rs. 56.87 in Q2FY19 from Rs. 49.08 in Q1FY19 and Rs. 5.25 in Q2FY18.


The board of Graphite India Limited declared and approved an interim dividend of Rs. 20 per equity share. The record date for the dividend is November 16, 2018.


Graphite India Limited (GIL) is engaged in the manufacture of Graphite Electrodes, which forms the core product of the company. It has also forayed into Carbon and Graphite Speciality products.


On Tuesday, the shares of GIL opened at a price of Rs. 978.90 per share, and hit a high and low of Rs. 999.00 per share and Rs. 953.90 per share, respectively. The stock closed at a price of Rs. 981.05. up 1.15 per cent.


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