Graphite India: See Better Times Ahead ICICI Direct Says
Three graphite electrodes glow red hot in an electric arc furnace at the electric steel-making shop at the Volzhsky Pipe Plant OJSC, operated by TMK PJSC, in Volzhsky, Russia, (Photographer: Andrey Rudakov/Bloomberg)

Graphite India: See Better Times Ahead ICICI Direct Says

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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 mixed set of Q3 FY21 numbers wherein while it reported loss at Ebitda level, at the net level its reported profit aided by healthy other income.

For Q3 FY21, on a consolidated basis, the company reported capacity utilisation of 65% against our estimate of 75%. Consolidated topline came in at Rs 499 crore against our estimate of Rs 545 crore.

For consolidated operations, in Q3 FY21, the company reported Ebitda loss of Rs 74 crore compared to our estimate of Ebitda profit of Rs 27 crore.

During the quarter, the company’s consolidated other income was at Rs 142 crore, higher than our estimate of Rs 55 crore.

Click on the attachment to read the full report:

ICICI Direct Graphite India Q3FY21 Results Update.pdf

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