Graphite India Limited — Important, 11-11-2024: Financial Result Updates

Graphite India Limited announced its unaudited financial results for the quarter and half-year ending September 30, 2024. Total income reached ₹752 crores, while net profit was ₹182 crores. The company registered a revenue drop compared to the previous year due to declining electrode prices, leading to inventory write-downs. Additionally, a noteworthy exceptional gain of ₹954 crores was recognized from the 2023 sale of land. Overall, financial health remains stable despite challenges.