GRAPHITE · Capital Goods
Graphite India Ltd. reported revenue of ₹523 cr for October to December 2024, −24.2% on the year and −18.7% on the quarter.
Operating profit (EBITDA) was −₹8.0 cr, a margin of −1.5%, +35 bps on the year and −1,864 bps on the quarter. Over the last 7 quarters the margin has ranged from −12.2% to 17.1%, averaging 1.7%.
The company swung to a net loss of ₹21.0 cr from a profit of ₹17.0 cr a year earlier, with earnings per share of −₹1.02.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
On earnings per share of ₹21.91 over the last four quarters, the stock at ₹770.05 trades at 35.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Swung to a loss from a profit a year ago. One quarter, or a trend?
Expected for Capital goods and EPC: Quarters swing with the season or with project milestones here; read the year, not the quarter. Net loss −₹21.0 cr against a profit of ₹17.0 cr.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹690 cr | ₹720 cr | ₹728 cr | ₹643 cr | ₹523 cr | ₹666 cr | ₹665 cr | ₹729 cr | ₹642 cr | ₹816 cr | ₹842 cr | ₹826 cr |
| YoY | — | — | −3% | −19% | −24% | −7% | −9% | +13% | +23% | +23% | +27% | +13% |
| EBITDA margin | −1.9% | −1.4% | 15.5% | 17.1% | −1.5% | 5.9% | 6.5% | 5.9% | 6.5% | −17.0% | 17.1% | 10.0% |
| Other income, % of PBT | 252% | 195% | 68% | 67% | — | 83% | 90% | 85% | 84% | — | 45% | 76% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | −₹22.0 cr |
| Tax rate | 32% | 57% | 17% | 23% | — | 29% | 20% | 28% | 31% | — | 20% | 32% |
| Net profit | ₹17.0 cr | ₹16.0 cr | ₹236 cr | ₹194 cr | −₹21.0 cr | ₹49.0 cr | ₹133 cr | ₹76.0 cr | ₹67.0 cr | −₹105 cr | ₹171 cr | ₹94.0 cr |
| YoY | — | — | — | −76% | −224% | +206% | −44% | −61% | — | −314% | +29% | +24% |
| Core profit YoY | — | — | — | — | — | — | −81% | −81% | — | −1,600% | +588% | +244% |
| EPS | ₹0.92 | ₹0.82 | ₹12.13 | ₹9.98 | −₹1.02 | ₹2.56 | ₹6.86 | ₹3.91 | ₹3.48 | −₹5.32 | ₹8.82 | ₹4.89 |
| Flags | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Graphite India Ltd. reported revenue of ₹523 cr (−24.2% on the year) and net profit of −₹21.0 cr (−223.5% on the year) for October to December 2024.
None of the 3 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.