Graphite India gains 6% on healthy operational performance in Q4

Looking ahead, the management remains optimistic with the ongoing recovery in demand for electrodes and stabilization of prices

Shares of Graphite India were up 6 per cent at Rs 646.85 on the BSE in intra-day deal on Tuesday after the company reported a consolidated profit after tax (PAT) of Rs 64 crore in the March quarter (Q4FY21), against a loss of Rs 7 crore in the year-ago quarter (Q4FY20).

Net sales of the company, however, declined 6 per cent year on year (YoY) at Rs 565 crore from Rs 602 crore in the previous year quarter. Reported consolidated Ebitda (earnings before interest, taxes, depreciation, and amortisation) came in at Rs 78 crore, while margin was at 13.8