Graphite India Ltd's Q3FY19 consolidated net profit rises 112.8% yoy to Rs764cr

The company’s consolidated revenue stood at Rs1,855cr, up 81% yoy, but down 20.9% qoq

Feb 06, 2019 02:02 IST India Infoline Research Team

Graphite India Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 1,855 81.0
EBITDA 1,083 99.4
EBITDA Margin (%) 58.4 541
Net Profit (adjusted) 764 112.8
***EBITDA margin change is bps

Graphite India reported strong growth in revenue and earnings for Q3FY19 as higher realizations and volumes continue to drive earnings growth. Revenue grew by 81% yoy to Rs1,855cr. EBITDA stood at Rs1,083cr, up 99.4% yoy with the EBIDTA margin rising by 541bps yoy to 58.4%. Net profit stood at Rs764cr, up 112.8% yoy.
  • Consolidated utilization stood at 80% for Q3FY19 against 86% in Q3FY18 and 93% in Q2FY19.
  • Gross margins for the company fell by 813bps qoq to 76.4% due to a 20.7% rise in raw material costs as well as a sharp fall in realizations for graphite electrodes. EBITDA margins contracted by 1,155bps qoq due to these factors.
  • Employee costs for Q3FY19 increased by 26.6% yoy to Rs81cr.
  • Net cash stood at Rs2,553cr at the end of Q3FY19 (gross debt of Rs279cr).

Technical View:

Graphite India Ltd is currently trading at Rs. 514.90, down by 3.55 points or 0.68% from its previous closing of Rs. 518.45 on the BSE.
The scrip opened at Rs. 527 and has touched a high and low of Rs. 568 and Rs. 502.80 respectively. So far 40,81,698 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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