Graphite India returns to profit in Q3; revenue jumps 23%

Graphite India Limited returned to profitability in the December quarter, posting a consolidated net profit of ₹68 crore in Q3FY26, compared with a net loss of ₹20 crore in the same period last year, aided by stronger revenues and a turnaround at the operating level.

The company on Monday, February 9, announced that revenue from operations rose 22.8% year-on-year to ₹642 crore, up from ₹523 crore in Q3FY25. The company also reported a sharp recovery in operating performance, with EBITDA coming in at ₹42

crore compared with an EBITDA loss of ₹8 crore a year ago.

EBITDA margin stood at 6.6% during the quarter.

On a standalone basis, profit after tax for the quarter was ₹100 crore, compared with ₹3 crore in the year-ago period, while revenue increased to ₹643 crore from ₹517 crore last year.

Profit before tax was ₹131 crore, even after accounting for an exceptional charge of ₹27 crore related to the implementation of the new labour codes.

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The graphite and carbon segment remained the primary contributor to performance, generating revenue of ₹565 crore in the quarter, up from ₹454 crore a year earlier. The steel segment reported revenue of ₹66 crore, while other businesses contributed ₹13 crore.

The company said it continues to monitor pricing trends in graphite electrodes, noting that inventories have been valued at net realisable value in line with accounting standards amid softer electrode prices.

Inventory write-downs stood at ₹75 crore as of December 31, 2025.

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For the nine months ended December 2025, consolidated net profit stood at ₹279 crore, compared with ₹412 crore in the corresponding period last year, while revenue from operations increased to ₹2,036 crore from ₹1,894 crore. Management cautioned that earnings remain sensitive to global steel production trends and electrode pricing cycles.

Shares of Graphite India were trading nearly 2% up at ₹630.55 following the Q3 results announcement. The stock has gained 29.61% in the past year.