Financial Highlights: H1 FY2022 (Consolidated): Net Sales of Rs. 1,302 Crores, an increase of 46% y-o-y EBITDA of Rs. 407 Crores as compared to Loss of Rs. 91 Crores in H1 FY21 Net Profit of Rs. 278 Crores as compared to Loss of Rs. 119 Crores in H1 FY21 EPS of Rs. 14.25 per share Gross Debt of Rs. 275 Crores Cash (Net of Gross Debt) of Rs. 2,631 Crores H1 FY2022 (Standalone): Net Sales of Rs. 1,197 Crores, an increase of 45% y-o-y EBITDA of Rs. 404 Crores as compared to Rs. 7 Crores in H1 FY21 Net Profit of Rs. 297 Crores as compared to Loss of Rs. 8 Crores in H1 FY21 EPS of Rs. 15.22 per share Gross Debt of Rs. 258 Crores Cash (Net of Gross Debt) of Rs. 2,208 Crores Q2 FY2022 (Consolidated): Net Sales of Rs. 692 Crores, an increase of 43% y-o-y EBITDA of Rs. 188 Crores as compared to Loss of Rs. 28 Crores in Q2 FY21 Net Profit of Rs. 128 Crores as compared to Loss of Rs. 41 Crores in Q2 FY21 EPS of Rs. 6.55 per share Q2 FY2022 (Standalone): Net Sales of Rs. 654 Crores, an increase of 38% y-o-y EBITDA of Rs. 192 Crores as compared to Rs. 12 Crores in Q2 FY21 Net Profit of Rs. 140 Crores as compared to Rs. 5 Crores in Q2 FY21 EPS of Rs. 7.19 per share K K Bangur, Chairman of Graphite India Ltd., Said, “In Q2 FY2022, Graphite India registered Net Sales of Rs. 692 Cr, up by 43% y-o-y and 13% on a q-o-q basis. The y-o-y sales growth was primarily driven by both higher volumes and realizations whereas the q-o-q sales growth was characterized by improved realizations along with a modest increase in volumes. However, with increase in the prices of graphite electrode, we saw a similar increase in prices of needle coke. During the quarter, the company delivered EBITDA of Rs. 188 Cr and Net Profit of Rs. 128 Cr. The capacity utilization increased to 81% as compared to 60% in Q2 FY21 and 75% in the previous quarter. Our German operations also registered an increase in the capacity utilization to meet the growing demand in the region and pricing continues to improve. From a balance sheet perspective, our capital structure remains robust and we continue to maintain strong Net Cash balance of Rs. 2,631 Cr at the end of September 2021. During the quarter, the global crude steel production excluding China registered a strong increase of 15.3% on y-o-y and a decline of 2.7% on q-o-q basis. China steel production registered a significant decline of 14.2% y-o-y and 16.6.% on a qo-g basis which is in line with their strategy to keep the steel output at 2020 levels as a part of the country’s goal to reduce carbon emissions. With decline in steel production and exports from China, we may see a gradual increase in steel production from the EAF steel producing nations which shall drive both electrode demand and realizations. The Indian economy showed resilience to deliver quicker recovery after the much severe second wave of the pandemic in Q1 FY22. Indian steel production continues to increase on both y-o-y and on sequential basis. The steel demand outlook for remaining part of the year looks encouraging with the pick-up in demand from infrastructure and construction sector. With improved demand scenario, we are seeing an uptick in electrode prices however, needle coke prices continues to rise in tandem. Graphite India is well positioned to meet the growing demand from the domestic industry and from the EAF steel producing nations in the light of China’s reducing exports. The ongoing shortage of containers and increasing logistics costs may put some pressure however, we remain confident to maintain high operational efficiency at our plants and deliver profitable growth in the coming quarters.” Result PDF