Quarterly Result: Graphite India Ltd
Bhagyashree Vivarekar / 01 Dec 2016
Graphite India Ltd is currently trading at Rs 76.5, up by 0.6 points or 0.79% from its previous close of Rs 75.9 on the BSE. Its net profit declined 53% YoY to Rs 16 crore.
Technical View:
Graphite India Ltd is currently trading at Rs 76.5, up by 0.6 points or 0.79% from its previous close of Rs 75.9 on the BSE.
The scrip opened at Rs 76.1 and has touched a high and low of Rs 76.75 and Rs 75, respectively. So far, 43172 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.
Standalone Results Q2FY17:
Graphite India Ltd has reported its standalone numbers for Q2FY17. Revenue for the quarter was flat. The company's reported EBITDA fell 68.4% YoY to Rs 14.1 crore, while EBITDA margins declined 902 bps YoY to 4.1%. This was largely due to 8.5% and 28% YoY increase in COGS and power and fuel expenses, respectively. Its net profit declined 53% YoY to Rs 16 crore.
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