Graphite India (509488) Q4 24/25 earnings summary

Executive summary

• Consolidated net sales for FY2025 were Rs. 2,560 Crores, down 13.2% year-over-year due to lower realizations despite higher volumes.

• EBITDA for FY2025 was Rs. 692 Crores, with net profit at Rs. 458 Crores and EPS of Rs. 23.65.

• Standalone net sales for FY2025 were Rs. 2,420 Crores, down 16.4% year-over-year; net profit was Rs. 452 Crores.

• Dividend of Rs. 11 per share announced for FY2025, with a payout ratio of 550% on face value, subject to shareholder approval.

• Audited standalone and consolidated financial results for the year ended 31 March 2025 were approved, with auditors issuing unmodified opinions.

Financial highlights

• Consolidated EBITDA margin for FY2025 was 27.0%; net profit margin was 17.9%.

• Standalone EBITDA margin for FY2025 was 27.1%; net profit margin was 18.7%.

• Standalone EPS for FY25 was Rs. 23.15, down from Rs. 44.62 in FY24.

• Standalone total assets at year-end were Rs. 6,816 Crores; consolidated total assets were Rs. 7,231 Crores.

• Standalone equity at year-end was Rs. 5,582 Crores; consolidated equity was Rs. 5,867 Crores.

Outlook and guidance

• Global steel industry outlook is cautiously optimistic, with demand expected to grow by 1.2% to 1,772 million MT in 2025.

• Indian steel demand projected to grow 8% over 2024-2025, driven by infrastructure investments.

• Graphite electrode prices remain under pressure, but medium-term outlook is positive due to EAF-based steel production growth.

• Dividend of Rs. 11 per share recommended, reflecting confidence in future cash flows.

• Sustainability and decarbonization are integrated into strategic plans.