Graphite India - Q4FY20 First Cut - ICICI Securities

CMP: Rs. 203.3, MCap: Rs. 3792.0 crore

Graphite India reported a disappointing set of numbers for Q4FY20 wherein the company reported a loss at both the EBITDA and PAT level.

Q4FY20 Earnings Summary

- On a consolidated basis, Graphite India reported capacity utilisation of 41%, lower than our estimate of 50%

- Consolidated topline for the quarter was at Rs. 602 crore (down 64% YoY, 6% QoQ, our estimate of Rs. 530.7 crore)

- On the back of higher than expected operating cost, Graphite India reported a loss at EBITDA level. EBITDA loss was at Rs. 26 crore (our estimate of EBITDA profit of Rs. 66.3 crore)

- During the quarter, there was reversal of Rs. 61 crore out of the write-down of Rs. 490 crore in Q3FY20. Adjusting for same, the EBITDA loss for the quarter was at Rs. 87 crore

- The ensuing consolidated net loss for the quarter was at Rs. 7 crore

We would soon be coming out with the detailed report.

Shares of GRAPHITE INDIA LTD. was last trading in BSE at Rs.214 as compared to the previous close of Rs. 212.5. The total number of shares traded during the day was 106769 in over 2803 trades.

The stock hit an intraday high of Rs. 223.1 and intraday low of 210. The net turnover during the day was Rs. 23132314.

Source : Equity Bulls

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