Graphite India slides to two-year low on fall in Q3 earnings

Graphite India

08/02/2023 07:37

** Shares of Graphite India  GRPH.NS  fall as much as 3.63%
to 326.30 rupees, their lowest level in two years 
    ** The graphite electrodes maker reports 60% slide in
consolidated net profit at 530 mln rupees in Q3
    ** Core profit at 720 mln rupees in Q3, compared to 1.37 bln
rupees a year ago; core profit margin contracts to 10.27% from
15.57%
    ** Trading volume is 416,197 shares as of 12:58 p.m. IST,
1.1x the 30-day avg of 388,564 shares
    ($1 = 82.6630 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))