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Revenue fell 24.2% year-on-year to ₹523 crore from ₹690 crore. EBITDA loss for the quarter stood at ₹8 crore, improving slightly from an EBITDA loss of ₹13 crore in the year-ago period.
The company’s operations remain under pressure due to weak global demand, cost pressures, and fluctuating raw material prices.
Graphite India, one of the leading manufacturers of graphite electrodes, also produces specialty carbon and graphite products, glass-reinforced plastic (GRP) pipes, and steel.It exports graphite electrodes to key markets, including the US, Europe, the Middle East, and South East Asia.
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Following the results, Graphite India’s shares dropped sharply, touching a day’s low of ₹402.90 on the BSE—marking a decline of over 13% from the day’s high of ₹465.30. However, the stock later recovered to trade at ₹440.50, down ₹15.20 (3.34%) at 2:20 PM.
The stock came under selling pressure as investors reacted to the weak earnings and concerns over future demand.
