ICICI Direct: Graphite India Posts Subdued Q2 Operational Performance
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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.
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