ICICI Direct: Graphite India Posts Subdued Q2 Operational Performance
Graphite India Ltd. (image: Company website)

ICICI Direct: Graphite India Posts Subdued Q2 Operational Performance

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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 an operationally subdued set of Q2 FY21 numbers.

It reported a consolidated loss at the Ebitda, profit after tax level. We had also estimated an Ebitda loss and net loss for the company on the back of a muted operating environment.

For Q2 FY21, the company reported a consolidated topline of Rs 485 crore (down 45% YoY, up 19% QoQ), higher than our estimate of Rs 418 crore.

The better-than-expected topline was on account of higher-than-expected capacity utilisation.

Click on the attachment to read the full report:

ICICI Direct Graphite India Q2FY21 Result Update.pdf

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