Graphite India Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Graphite India Ltd reported a 33.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 28.0%.
- Its expenses for the quarter were down by 0.5% QoQ and 23.6% YoY.
- The net profit decreased 110.8% QoQ and decreased 223.5% YoY.
- The earnings per share (EPS) of Graphite India Ltd declined at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 542.00 | 811.00 | 753.00 | -33.2% | -28.0% |
Total Expenses | 556.00 | 559.00 | 728.00 | -0.5% | -23.6% |
Profit Before Tax | -14.00 | 252.00 | 25.00 | -105.6% | -156.0% |
Tax | 7.00 | 58.00 | 8.00 | -87.9% | -12.5% |
Profit After Tax | -21.00 | 194.00 | 17.00 | -110.8% | -223.5% |
Earnings Per Share | -1.00 | 10.00 | 1.00 | -110.0% | -200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Graphite India Ltd is one of the leading manufacturers of graphite electrodes, which are primarily used in electric arc furnaces for steel manufacturing. The company operates within the industrial manufacturing sector, with a focus on producing high-quality graphite-based products for diverse applications. Graphite India Ltd has a significant presence in both domestic and international markets, offering products that cater to industries such as steel, aluminum, and automotive. The company's operations are supported by a robust research and development division that aims to enhance product quality and operational efficiency. There are no specific recent major developments available within the current context.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Graphite India Ltd reported total income of ₹542 crores. This represents a decline of 33.2% compared to the previous quarter (Q2FY25), where the total income was ₹811 crores. Year-over-year, the total income also saw a decrease of 28.0% from ₹753 crores in Q3FY24. These figures highlight a downward trend in the company's revenue generation over both the quarterly and annual periods. The reduction in total income could be attributed to various factors, including market conditions and operational challenges, though specific causes are not detailed in this data set.
Profitability
In Q3FY25, Graphite India Ltd experienced a pre-tax loss of ₹14 crores, a significant decline from the profit before tax of ₹252 crores recorded in Q2FY25. Comparatively, the company had a profit before tax of ₹25 crores in Q3FY24. The tax expenses for Q3FY25 were ₹7 crores, which is markedly lower than the ₹58 crores in Q2FY25 and slightly lower than ₹8 crores in Q3FY24. The profit after tax for Q3FY25 was a loss of ₹21 crores, contrasting sharply with the profit of ₹194 crores in the previous quarter and ₹17 crores in the same quarter of the previous year. These declines are reflective of the company's challenges in maintaining profitability during the current period.
Operating Metrics
The earnings per share (EPS) for Q3FY25 stood at a negative ₹1.00, indicating a significant deterioration from an EPS of ₹10.00 in Q2FY25 and ₹1.00 in Q3FY24. This shift underscores notable changes in the company's earnings performance over both the quarterly and yearly timelines. Total expenses for Q3FY25 were reported at ₹556 crores, showing a marginal decrease of 0.5% from Q2FY25's expenses of ₹559 crores, and a more substantial decrease of 23.6% from Q3FY24 expenses of ₹728 crores. The financial data illustrates a reduction in expenses over time, yet the impact on profitability has been negative, as evidenced by the recorded losses. The analysis of these operating metrics highlights the financial pressures faced by the company in the recent quarter.
