Graphite India gains 5% on seven-fold jump in Q4 net profit

The company reported net profit at Rs 4.54 billion in Q4FY18 against Rs 620 million in Q4FY17 driven by improved realization and higher capacity utilization.

Shares of Graphite India were up 5% at Rs 766 per share on the BSE in early morning trade after the company reported seven-fold jump in its net profit at Rs 4.54 billion in March quarter (Q4FY18) driven by improved realization and higher capacity utilization. It had profit of Rs 620 million in the same period last year.

Net sales of the company rose more than double from Rs 3.73 billion to Rs 12.12 billion on account of improved realizations and increased sales volume. EBIDTA (Earnings before interest, tax, depreciation and amortization) margins improved from 12% in Q4FY17 to