Industrial goods company Graphite India announced Q2FY23 results: Consolidated: Net sales of Rs 825 crore, an increase of 19% YoY and (5)% QoQ EBITDA excluding an exceptional item is Rs 213 crore in Q2FY23 as compared to Rs 188 crore in Q2FY22 Net Profit of Rs 92 crore in Q2FY23 as compared to Rs 128 crore in Q2FY22 EPS of Rs 4.72 per share Standalone: Net sales of Rs 719 crore, an increase of 10% YoY and (11)% QoQ EBITDA of Rs 252 crore in Q2FY23 as compared to Rs 192 crore in Q2FY22 Net Profit of Rs 139 crore in Q2FY23 as compared to Rs 140 crore in Q2FY22 EPS of Rs 7.13 per share Chairman’s Message: “During a challenging financial quarter, Graphite India reported consolidated Net Sales of Rs 825 Cr, a growth of 19% YoY. EBITDA, before a one time charge of Rs 45 Cr, was Rs 213 Cr and Net Profit was Rs 92 Cr (after the one time charge). From a manufacturing perspective, capacity utilization during the quarter was 56% as compared to 71% in Q1 FY2023. The year on year sales growth was primarily driven by improvement in realizations while volumes remained subdued. The company has a consolidated Net Cash position of Rs 2,112 Cr at the end of September 2022. As reported earlier, the Russia - Ukraine conflict has led to high energy costs which have resulted in our German electrode operations becoming unviable. Hence it was decided to shut down the graphite electrode production as of now and restructure the speciality and coating operations. Alongside these geopolitical headwinds, central banks across the world continue to address the challenge of rising inflation levels by increasing interest rates. This has impacted construction and infrastructure projects across the world, which in turn has lowered the steel production, directly impacting the demand for electrodes. In the last nine months, India stands out as one of the few major economies delivering over 6.0% steel production growth. However, the levy of 15% duty on steel exports continues to impact the Indian steel industry. In summary, Graphite India is well positioned to navigate through these volatile times, with management focused on long term customer relationships and the ongoing pursuit of operational efficiencies.” Result PDF
Industrial Goods firm Graphite India announced Q1FY23 Result : Q1 FY2023 Profit and Loss (Consolidated): Net Sales of Rs. 866 Crores, an increase of 42% YoY and 3% QoQ EBITDA excluding one time charge is Rs. 134 Crores as compared to Rs. 219 Crores in Q1 FY22 Net Profit of Rs. 24 Crores as compared to Rs. 150 Crores in Q1 FY22 EPS of Rs. 1.23 per share Q1 FY2023 Profit and Loss (Standalone): Net Sales of Rs. 798 Crores, an increase of 47% YoY and 4% QoQ EBITDA excluding one time charge is Rs. 172 Crores as compared to Rs. 212 Crores in Q1 FY22 Net Profit of Rs. 63 Crores as compared to Rs. 157 Crores in Q1 FY21 EPS of Rs. 3.26 per share Balance Sheet (Consolidated): Gross Debt of Rs. 464 Crores Cash (Net of Gross Debt) of Rs. 2,203 Crore Balance Sheet (Standalone): Gross Debt of Rs. 356 Crores Cash (Net of Gross Debt) of Rs. 2,118 Crores Result PDF
Industrial Goods company Graphite India declares Q4FY22 result: Consolidated: Net Sales of Rs. 3,026 Crores, up by 55% YoY EBITDA excluding CSR expense and one time income is Rs. 799 Crores as compared to Rs. 93 Crores in FY21 Net Profit of Rs. 505 Crores compared to loss of Rs. 32 Crores in FY21 EPS of Rs. 25.82 per shar Net Sales of Rs. 844 Crores, up by 49% YoY EBITDA excluding CSR expense and one time income is Rs. 189 Crores as compared to Rs. 113 Crores in Q4FY21 Net Profit of Rs. 95 Crores, up by 48% YoY EPS of Rs. 4.82 per share Gross Debt of Rs. 428 Crores Cash (Net of Gross Debt) of Rs. 2,346 Crores Dividend announced of Rs. 10 per share for FY2022 Dividend pay out ratio of 500% on the Face Value Standalone: Net Sales of Rs. 2,799 Crores, up by 52% YoY EBITDA excluding CSR expense and one time income is Rs. 833 Crores as compared to Rs. 304 Crores in FY21 Net Profit of Rs. 574 Crores compared to Rs. 199 Crores in FY21 EPS of Rs. 29.39 per share Net Sales of Rs. 767 Crores, an increase of 36% YoY EBITDA excluding CSR expense and one time income is Rs. 211 Crores as compared to Rs. 160 Crores in Q4 FY21 Net Profit of Rs. 122 Crores compared to Rs. 114 Crores in Q4 FY21 EPS of Rs. 6.32 per share Gross Debt of Rs. 343 Crores Cash (Net of Gross Debt) of Rs. 2,139 Crores Result PDF