Graphite India Ltd's Q4FY18 standalone net profit rises 632.2% yoy to Rs453.72cr

The company’s standalone revenue stood at Rs1,212.2cr, up 224.64% yoy

May 11, 2018 03:05 IST India Infoline Research Team

Graphite India Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 1,212.22 224.6
EBITDA 668.56 4,448.3
EBITDA Margin (%) 55.2 5,122
Net Profit (adjusted) 453.72 632.2
***EBITDA margin change is bps


Reco. Price


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For Q4FY18, Graphite India’s sales increased by 224.6% yoy to Rs1,212.2cr from Rs373.4cr in Q4FY17. Sales were driven by robust realization for graphite electrodes and increased sales volumes. Operating Profit (EBITDA) for the quarter was Rs668.6cr vs. Rs14.7cr in Q4FY17. EBITDA margins improved from 3.9% in Q4FY17 to 55.2% in Q4FY18 driven by higher volumes and optimum capacity utilization. Net profit for the quarter increased to Rs453.7cr as compared to Rs61.9cr in Q4FY17.
• Graphite and carbon pipes segment’s sales, which contributed ~95% to Q4FY18 total sales, increased by 219.8% yoy to Rs1,151.6cr as        compared to Rs360.1cr in Q4FY17.

• The underlying growth was driven by a combination of higher volumes, price realizations and capacity utilizations, which increased from          89% in Q4FY17 to 100% in Q4FY18.
• GRP pipes (3.3% of Q4FY18 sales) sales increased by 77.7% yoy to Rs40.6cr.

• The Board has recommended final dividend of Rs12 per equity share of Rs2 each.

• For H1FY19, the company’s capacity is fully booked at current market price levels. This will result in significant margin expansion and            enhanced profitability.
Technical View:

Graphite India Ltd ended at Rs. 731.30, down by 14.5 points or 1.94% from its previous closing of Rs. 745.80 on the BSE.
The scrip opened at Rs. 748 and touched a high and low of Rs. 768.90 and Rs. 711 respectively. A total of 39,24,034 (NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.

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