Graphite India (509488) Q3 24/25 earnings summary

Executive summary

• Consolidated net sales for Q3 FY2025 were Rs. 523 Crores, down 24.2% year-over-year and 18.7% sequentially; EBITDA was Rs. 11 Crores, with a net loss of Rs. 21 Crores.

• Standalone net sales for Q3 FY2025 were Rs. 517 Crores, down 24.2% year-over-year and 11.8% sequentially; EBITDA was Rs. 32 Crores, net profit Rs. 3 Crores.

• For the nine months ended FY2025, consolidated net sales were Rs. 1,894 Crores (down 15.1% y-o-y), EBITDA Rs. 596 Crores, net profit Rs. 409 Crores.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024.

• Re-appointment of Mr. A Dixit as Executive Director for a further 3-year term from 1 April 2025, subject to shareholder approval.

Financial highlights

• Q3 FY2025 consolidated net sales fell 24.2% y-o-y to Rs. 523 Crores; EBITDA dropped to Rs. 11 Crores from Rs. 50 Crores y-o-y.

• Q3 FY2025 consolidated net loss of Rs. 21 Crores versus net profit of Rs. 17 Crores in Q3 FY24.

• Standalone Q3 FY2025 net sales were Rs. 517 Crores, EBITDA Rs. 32 Crores, net profit Rs. 3 Crores.

• For 9M FY2025, consolidated net sales were Rs. 1,894 Crores (down 15.1% y-o-y), EBITDA Rs. 596 Crores (up from Rs. 98 Crores), net profit Rs. 409 Crores (down from Rs. 789 Crores).

• Exceptional gain of ₹954 crore in the prior year from sale of Bengaluru land, not repeated in the current period.

Outlook and guidance

• Management expects long-term demand for graphite electrodes to rise, driven by global decarbonization and infrastructure growth.

• Steel demand in developing economies, especially India, is projected to grow 3.5% in 2024 and 4.2% in 2025.

• India's steel consumption expected to grow 8% in 2024, supported by infrastructure and industrial sectors.

• No explicit forward-looking guidance provided; results reflect ongoing challenges from lower electrode prices and subdued demand.