Graphite India Q2 results: Net profit falls 60% to ₹77 crore, margins contract

Graphite India Ltd on Monday (November 10) reported a 60.5% year-on-year (YoY) decline in consolidated net profit to ₹77 crore for the quarter ended September 30, 2025, compared with ₹195 crore in the same period last year, hurt by lower electrode prices and weaker operating margins.

Operating performance weakened significantly, with earnings before interest, tax, depreciation, and amortisation (EBITDA) dropping 61% YoY to ₹43 crore from ₹110 crore in the corresponding quarter last year. The EBITDA margin declined to 5.9% from 17.1% a year ago, mainly due to higher input costs and the impact of inventory write-downs linked to lower realisations.

The company noted that, in line with applicable accounting standards, it recognised inventory on a net realisable value basis due to the overall fall in electrode prices. The value of such write-downs stood at ₹80 crore as of September 30, 2025, compared with ₹149 crore a year earlier. Graphite India said it continues to focus on operational efficiency, product quality, and cost optimisation to mitigate the impact of pricing pressures in the electrode market.

The shares of the company are trading 9% in the red at 2:00 pm. The stock has fallen nearly 8% in the year so far.

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