Announced Wed, 8 Jul · 17:49 IST
Graphite India to close Germany Graphite Specialities and Coating divisions
Capex & Operations View source PDF
GRAPHITE · price
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Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹579.50
prior close
₹576.70
base price
After-mkt
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+0.0-0.6-0.4+0.7+6.2+8.1+7.2+7.8+14.4+9.6————
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AI summary
Graphite India will discontinue and close its Graphite Specialities and Coating divisions in Germany due to the lasting impact of the Russia-Ukraine war and weak demand, which hurt competitiveness. The division contributed about 4 percent of FY26 turnover (around 105 crore rupees) and had negative net worth of about 323 crore rupees. Closure expected in around 6 months, pending talks with the local Works Council. Consolidated net worth stands at 5859 crore rupees.
Likely market impact
Cuts a loss-making overseas division contributing only 4 percent of revenue; minimal impact on consolidated financials and removes a profitability drag.