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Graphite India Ltd. said a mixed set of figures for the third quarter of FY21 in which, although it reported a loss at the EBITDA level, at the net level its reported profit was supported by other healthy income .

For the third quarter of fiscal 21, on a consolidated basis, the company reported capacity utilization of 65% versus our estimate of 75%. The consolidated topline arrived at Rs 499 crore against our estimate of Rs 545 crore.

For consolidated operations, in the third quarter of FY21, the company reported EBITDA loss of Rs 74 crore compared to our estimate of EBITDA profit of Rs 27 crore.

During the quarter, the company’s other consolidated income was Rs 142 crore, above our estimate of Rs 55 crore.

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ICICI Direct Graphite India Q3FY21 Results Update.pdf

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