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, with EBITDA at Rs. 692 Crores and net profit at Rs. 458 Crores; standalone net sales were Rs. 2,420 Crores, EBITDA at Rs. 656 Crores, and net profit at Rs. 452 Crores.

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

• Dividend of Rs. 11 per share announced for FY2025, subject to shareholder approval at the AGM.

• Appointment of Mr. Debanjan Mandal as Additional Independent Director and M/s Bajaj Todi & Associates as Secretarial Auditors for five years, pending shareholder approval.

• Inventory write-downs due to lower electrode prices amounted to Rs. 113 Crores (consolidated) and Rs. 110 Crores (standalone) as of March 31, 2025.

Financial highlights

• Consolidated net sales declined 13.2% year-over-year to Rs. 2,560 Crores; standalone net sales declined 16.4% to Rs. 2,420 Crores.

• Consolidated EBITDA was Rs. 692 Crores; standalone EBITDA was Rs. 656 Crores.

• Consolidated net profit was Rs. 458 Crores; standalone net profit was Rs. 452 Crores.

• Q4 FY2025 consolidated net sales were Rs. 666 Crores, down 7.5% year-over-year; standalone net sales were Rs. 645 Crores, down 8.6%.

• FY24 included a one-time exceptional gain of Rs. 954 Crores from the sale of Bengaluru land, not repeated in FY25.

Outlook and guidance

• Global steel industry outlook is cautiously optimistic, with India expected to drive demand growth.

• Indian steel consumption projected to reach 300 million tonnes by 2030, supported by infrastructure investments.

• Graphite electrode demand expected to rise with the shift to EAF-based steel production and decarbonization trends.

• Management remains focused on sustainability and lean operations for continued stakeholder value.

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