Graphite India Q1 Review - On A Strong Footing: ICICI Direct
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ICICI Direct Report
Graphite India Ltd. reported a steady set of numbers for Q1 FY22.
For the quarter, Graphite India reported consolidated capacity utilisation of 75% versus 36% in Q1 FY21 and 73% in Q4 FY21 (our estimate 75%).
Consolidated topline for the quarter came in at Rs 610 crore, up 49% YoY, 8% QoQ (our estimate: Rs 610 crore).
Consolidated Ebitda came in at Rs 141 crore, up 81% QoQ, lower than our estimate of Rs 174 crore.
Consolidated Ebitda margin came in at 23.1% compared to 13.8% in Q4 FY21, lower than our estimate of 28.5%.
Consolidated other income for the quarter was at Rs 78 crore, up 39% QoQ, 15% YoY, higher than our estimate of Rs 64 crore.
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