Graphite India Share Price Falls Over 5% Despite Strong Q2 Results
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Graphite India shares fell over 5% in early trade on November 4 despite strong September quarter earnings.
- ✓The stock hit Rs 708.35 on the BSE.
- ✓Chairman K K Bangur said the performance was "driven by higher volumes and realizations." Higher input costs weighed on margins, limiting overall profit growth.
Story at a Glance
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- MARKET
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- NDTV Profit
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- 3 Minute(s)
- Market Focus
- India Economy
Graphite India shares declined over 5% in early trade on November 4, even after the company reported strong September quarter earnings. The stock plunged as much as 5.54% to Rs 708.35 apiece on the BSE.
The company's net profit in the second quarter of FY27 rose to Rs 96 crore from Rs 77 crore in the corresponding period last year. Revenue from operations increased 13.3% to Rs 826 crore from Rs 729 crore a year ago. The company also reported a one-time loss of Rs 22 crore during the quarter.
Operating performance in Q2FY27 improved at a faster pace, with EBITDA climbing 93% to Rs 83 crore from Rs 43 crore a year ago. EBITDA margin also expanded to 10% from 5.9% in the year-ago quarter.
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