Graphite India (509488) Q1 26/27 earnings summary

Executive summary

• Net sales reached Rs. 842 Crores, up 26.6% year-over-year, driven by higher volumes.

• EBITDA grew 24.9% year-over-year to Rs. 241 Crores; net profit rose 28.6% to Rs. 171 Crores.

• Capacity utilization increased to 97% from 82% in Q1 FY2026.

• Robust net cash position of Rs. 3,939 Crores at June 2026 end.

• Standalone and consolidated unaudited financial results for the quarter ended 30th June 2026 were approved and reviewed without qualification by auditors.

Financial highlights

• Consolidated net sales: Rs. 842 Crores (+26.6% y-o-y); standalone: Rs. 765 Crores (+19.0% y-o-y).

• Consolidated EBITDA: Rs. 241 Crores (+24.9% y-o-y); standalone: Rs. 222 Crores (+11.0% y-o-y).

• Consolidated net profit: Rs. 171 Crores (+28.6% y-o-y); standalone: Rs. 157 Crores (+8.3% y-o-y).

• EPS: Rs. 8.82 (consolidated), Rs. 8.02 (standalone).

• Standalone net profit for the quarter was Rs. 157 Crores, compared to a loss of Rs. 73 Crores in the same quarter last year.

Outlook and guidance

• Cautiously optimistic medium-term outlook for graphite electrodes, supported by EAF adoption.

• First phase of electrode capacity expansion to be commissioned in FY2027.

• SGAM project and advanced materials for aerospace and defense progressing.

• Closure and discontinuation of Graphite Specialities and Coating businesses in Germany due to adverse market conditions and the Russia-Ukraine conflict.

• Focus on sustainability and renewable energy initiatives.