Graphite India Limited has informed the Exchange regarding Board meeting held on August 01, 2025.
GRAPHITE · price
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Graphite India's board, at its August 1, 2025 meeting, approved unaudited Q1 FY26 results and a major capacity expansion plan. Standalone revenue from operations came in at ₹643 crore, down from ₹672 crore in Q1 FY25, with standalone profit falling to ₹145 crore (vs ₹205 crore YoY) and basic EPS at ₹7.43 (vs ₹10.49). On a consolidated basis, revenue stood at ₹665 crore (vs ₹728 crore) and profit dropped to ₹133 crore (vs ₹236 crore), with EPS of ₹6.87. The board approved a 25,000 tonnes per annum (TPA) expansion of its Graphite Electrodes Division, to be executed in two phases over 12 and 36 months, at an investment of about ₹600 crore (including ₹100 crore for renewable captive power). Inventory write-downs due to weak electrode prices narrowed to ₹75 crore from ₹110 crore in March 2025, hinting at improving realisations.
Short-term results were weak, with both revenue and profits declining year-on-year, which may weigh on the stock. However, the ₹600 crore capex plan signals management's confidence in a recovery in graphite electrode demand and could be a long-term positive, though it may increase leverage and capex commitments in the near term.