Graphite India Q1 Review - On A Strong Footing: ICICI Direct

Graphite India Ltd. (Source: Company website)

Graphite India Q1 Review - On A Strong Footing: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Graphite India Q1FY22 Result Update.pdf


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