Electrodes & Refractories company Graphite India announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Total Income for Q4FY26 stood at Rs 851 crore, representing a 13.47% increase QoQ (compared to Rs 750 crore in Q3FY26) and a 21.75% increase YoY (compared to Rs 699 crore in Q4FY25). The Company reported a loss of Rs 73 crore in Q4FY26, compared to a profit of Rs 100 crore in Q3FY26 and a profit of Rs 62 crore in Q4FY25. FY26 Standalone Financial Highlights: Total Income for FY26 was Rs 2,979 crore, up by 4.71% YoY from Rs 2,845 crore in FY25. Profit for FY26 stood at Rs 264 crore, reflecting a 41.59% decline YoY from Rs 452 crore in FY25. Q4FY26 Consolidated Financial Highlights: Total Income for Q4FY26 stood at Rs 855 crore, marking a 13.85% increase QoQ (compared to Rs 750 crore in Q3FY26) and an 18.26% increase YoY (compared to Rs 723 crore in Q4FY25). The Group reported a loss of Rs 105 crore in Q4FY26, compared to a profit of Rs 68 crore in Q3FY26 and a profit of Rs 49 crore in Q4FY25. FY26 Consolidated Financial Highlights: Total Income for FY26 was Rs 3,026 crore, an increase of 0.93% YoY from Rs 2,998 crore in FY25. Profit for FY26 stood at Rs 171 crore, representing a 62.66% decline YoY from Rs 458 crore in FY25. Business Highlights: Segment Performance: Graphite and Carbon: Generated revenue of Rs 2,594 crore (compared to Rs 2,248 crore in FY25) with segment results of Rs 164 crore (compared to Rs 146 crore in FY25). Steel: Generated revenue of Rs 257 crore (compared to Rs 227 crore in FY25) with segment results of Rs 42 crore (compared to Rs 28 crore in FY25). Others: Generated revenue of Rs 4 crore (compared to Rs 88 crore in FY25) with segment results of a loss of Rs 24 crore (compared to a profit of Rs 66 crore in FY25). Result PDF
Electrodes & Refractories company Graphite India announced Q3FY26 results Revenue from operations registered at Rs 642 crore 12 % softer QoQ but 23 % higher YoY. Total income reached Rs 750 crore (-8 % QoQ; +38 % YoY). PBT before exceptionals printed at Rs 124 crore for Q3FY26, compared to Rs -14 crore for Q3FY25 PAT attributable to owners stood at Rs 68 crore, yielding an EPS of Rs 3.50 (vs Rs 3.91 QoQ; Rs -1.03 YoY). Result PDF
Electrodes & Refractories company Graphite India announced Q2FY26 results Net Sales of Rs 729 crore, a growth of 13.4% YoY. EBITDA of Rs 132 crore, a decline of 52.5% YoY. Net Profit of Rs 76 crore, a decline of 60.8% YoY. EPS of Rs 3.91 per share. Gross Debt of Rs 267 crore. Cash (Net of Gross Debt) of Rs 3,921 crore. K K Bangur, Chairman, said: “In Q2FY26, Graphite India registered Net Sales of Rs 729 crore, up by 13.4% YoY primarily as a result of higher volumes at stable realizations. This Company recorded EBITDA of Rs 132 crore and Net Profit of Rs 76 crore. Graphite India’s capacity utilization increased to 99%, as compared to 84% in Q2FY25. From a balance sheet perspective, the capital structure remains robust and the Company maintains a Net Cash balance of Rs 3,921 crore at the end of September 2025. Global crude steel production declined by 1.0% on a YoY basis to 437.1 million MT for the quarter ended September 2025. Lower production in China, which declined by 3.1% , was partially offset by India and the Middle East. Steel production in India continued to outperform, with a 14.9% increase supported by ongoing infrastructure investments and manufacturing activity. The Middle East reported a 20.8% increase in output, driven by higher project-related demand. Despite ongoing trade tensions and prevailing uncertainties, global steel demand is expected to show moderate growth in 2026. This outlook is supported by the resilience of the global economy, continued investments in infrastructure and a relatively low interest rate environment. Steel demand is expected to continue to be led by expansion in developing economies, such as India and the Middle East, despite a more subdued market environment in China. Prices of graphite electrodes continued to face competitive headwinds while raw material costs, particularly petroleum needle coke, have not declined in tandem and consequently led to an impact on operating margins. Although the U.S. tariff increased further during the quarter, its impact on the Company’s performance has been mitigated to some extent by exports across multiple geographies. Graphite India is encouraged by the long-term dynamics of the graphite electrode industry, particularly with the global move towards decarbonization and the resulting adoption of the electric arc furnace process. With strong operational capabilities and financial discipline, the Company is well positioned to meet rising demand from both Indian and international customers. Management continues to focus on cost competitiveness by optimizing operating costs and improving efficiencies.” Result PDF
Industrial Goods company Graphite India announced Q1FY25 results: Consolidated: Net Sales of Rs 728 crore, a decline of 2.5% YoY EBITDA of Rs 307 crore Net Profit of Rs 236 crore as compared to a loss of Rs 30 crore in Q1FY24 EPS of Rs 12.11 per share Gross Debt of Rs 257 crore Cash (Net of Gross Debt) of Rs 3,729 crore Standalone: Net Sales of Rs 672 crore, a decline of 6.7% YoY EBITDA of Rs 265 crore Net Profit of Rs 205 crore as compared to a loss of Rs 27 crore in Q1FY24 EPS of Rs 10.49 per share Gross Debt of Rs 172 crore Cash (Net of Gross Debt) of Rs 3,650 crore K K Bangur, Chairman of the firm said: “In Q1 FY2025, Graphite India registered Consolidated Net Sales of Rs 728 crore, a marginal decline of 2.5% compared to Q1 FY2024. Net Sales was driven by higher volumes offset by lower realisations. The company delivered EBITDA of Rs 307 crore, which includes Other Income of Rs 194 crore, and Net Profit of Rs 236 crore. Capacity utilization increased to 87% as compared to 67% in Q1 FY2024. Graphite India continues to be well capitalised with a Net Cash balance of Rs 3,729 crore at the end of 30 June 2024. During the quarter, global crude steel production excluding China increased by 1.8% on yYoY and a decline of 0.3% on q-o-q. Except for India and Middle East which increased production by 10.6% and 12.5% respectively, all other major countries either recorded marginally increased or declined steel production. The increase in India’s steel production was correlated to the government spending on the infrastructure and construction sectors. Both these sectors are expected to jointly account for 67% of India’s steel demand until 2030. While the pricing for graphite electrodes continues to remain under pressure, the decline in the cost of imported needle coke is not commensurate, thereby impacting operating margins In the coming years, the global steel industry is expected to place greater emphasis on new capacity expansion through the EAF route. This strategic shift aligns with not only global decarbonization efforts, but with the need for lower operating costs. Graphite India is well positioned to benefit from the structural industry changes with its globally benchmarked quality and cost efficient manufacturing platform. In addition to being responsive to its customer requirements and continuous improvements in operations, sustainability remains high on the agenda.” Result PDF
Industrial Goods company Graphite India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Consolidated: Net Sales of Rs 720 crore, a decline of 11.7% YoY EBITDA of Rs 62 crore with margin of 7.5% Net Profit of Rs 16 crore EPS of Rs 0.80 per share Standalone: Net Sales of Rs 706 crore, a decline of 2.9% YoY EBITDA of Rs 66 crore with margin of 9.3% Net Profit of Rs 34 crore EPS of Rs 1.73 per share FY24 Financial Highlights: Consolidated: Net Sales of Rs 2,950 crore, a decline of 7.3% YoY EBITDA of Rs 160 crore with margin of 5.4% Net Profit of Rs 805 crore EPS of Rs 41.36 per share Gross Debt of Rs 177 crore Cash (Net of Gross Debt) of Rs 3,307 crore Dividend announced of Rs 11 per share for FY24 Dividend pay out ratio of 550% on the Face Value Standalone: Net Sales of Rs 2,894 crore, a decline of 0.7% YoY EBITDA of Rs 207 crore with margin of 7.2% Net Profit of Rs 872 crore EPS of Rs 44.62 per share K K Bangur, Chairman of Graphite India said, “For FY2024, Graphite India delivered Consolidated Net Sales of Rs 2,950 crore, EBITDA of Rs 160 crore and Net Profit of Rs 805 crore, which includes the sale of land in Bengaluru. Although sales volume increased during the year, lower realisations impacted Net Sales by 7.3% compared to the previous year. During Q4 FY24, standalone capacity utilisation increased to 93% as compared to 61% in Q4 FY23. Graphite India is well capitalised with a Net Cash balance of Rs 3,307 crore at the end of March 2024. Steel demand in developed economies has shown modest near-term growth, with a projected increase of 1.3% in 2024 and a further 2.7% growth in 2025. In China, steel demand remains relatively low as a result of the slowdown in the real estate sector. However, this has been offset by growth from the infrastructure and manufacturing sectors, resulting in 2024 expected demand to be flat compared to the previous year. In sharp contrast, India's steel demand has a positive near-term outlook considering robust plans for infrastructure investments across the country, with an anticipated 8% annual growth rate. The pricing for graphite electrodes continues to remain under pressure while input costs need further correction. Global decarbonisation of steel will support the EAF manufacturing process, resulting in a significant increase in demand of graphite electrodes in the medium to long term. The current uncertainties in the world economy with persistent inflation, higher interest rates and geopolitical tensions could delay the trend. In alignment with the company’s commitment to sustainability objectives, Graphite India has partly commissioned its first wind power facility for captive consumption, with full commissioning expected by Q1FY25. This initiative will lead to substantial energy cost savings and a reduction in carbon emissions. As Graphite India navigates through this challenging environment, management remains focused on overall operational efficiencies with a long term goal towards a stronger future.” Result PDF