Graphite India stock down 10-pc despite strong results
February 11, 2019
of Graphite India Limited closed 10 percent lower even after the company
posted strong Q3FY19 numbers for the period ended 31-December-2018.
company reported a consolidated net profit of Rs 764 crore, up 112.80 percent on
Year-on-year-basis (YoY). Revenue was at Rs 1855 crore, which is higher 81 per cent YoY, while EBITDA figured at Rs 1,083
crore, up 99.4% year on year and EBITDA margin was down 100 bps sequentially at
India share ended at Rs435.05 down by Rs48.30 or 9.99 percent from its previous
opening price of Rs482 on the NSE, whose benchmark Nifty50 plunged 54.80 pts to
10,881 and Sensex declined 151.45 pts to 36,395 on closing.
India Limited is the pioneer in country for the manufacture of
Graphite. The company is significantly engaged in the production of
Graphite Electrodes, Graphite & Carbon Products and allied Processing.