Graphite India Q4FY22 PAT up 48.44% at Rs95 crore on robust top line growth and stable EBIT margins

23 May 2022 , 06:47 PM

Graphite India Ltd reported 49.38% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs844 crore. On a sequential basis, revenues were down for the quarter by -4.09%.

Full year FY22 revenues were up 54.5% at Rs3,026 crore. For Q4FY22, Graphite India saw a top line growth of 49.9% in its core business of graphite and carbon to Rs790 crore.

The other business grew 42.1% to Rs54 crore. Graphite is a major supplier of electric arc furnace material to steel smelting plants.

For FY22, the net cash from operations dipped into negative due to a sharp spike in outflows towards receivables and inventories.

The consolidated net profit for Q4FY22 was up 48.44% at Rs95 crore. The net profits was lower by -28.03% on a sequential basis.

There was a sharp fall in EBIT from graphite and carbon due to a sharp doubling of raw material costs and inventory efficiencies could only help up to a point. Power & Fuel costs were up 50% yoy. 

Net margins were 11.26% in Q4FY22 quarter compared to 11.33% in Q4FY21. NPM was lower compared to 15% in Q3FY22. The company declared dividend of Rs10 per share for FY22, subject to approval.

Financial highlights for Mar-22 compared yoy and sequentially

	Graphite India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 844.00	₹ 565.00	49.38%	₹ 880.00	-4.09%
Net Profit (Rs cr)	₹ 95.00	₹ 64.00	48.44%	₹ 132.00	-28.03%
Diluted EPS (Rs)	₹ 4.82	₹ 3.29		₹ 6.75
Net Margins	11.26%	11.33%		15.00%