Indian graphite electrode makers rise as GrafTech results fuel optimism

HEG Advanced Materials

28/04/2025 11:04

** Shares of HEG Ltd HEGL.NS and Graphite IndiaGRPH.NS  are up 3.5% and 2%, respectively

** GrafTechEAF.N , an industry leader in global graphite electrode manufacturing, said its Q1CY25 sales volume rise 2.5% Y/Y, while EBITDA margin improved to -3.3% from -5% a quarter ago

** Sequential improvement in margins and pricing was key positive from GrafTech performance and also signal a recovery for domestic graphite electrode players, ICICI Direct Research said

** Adds, GrafTech's move to raise prices could prompt Indian players like HEG and Graphite India to consider similar price hikes

** HEGL is down 9% so far is 2025, while GRPH down 18%

 (Reporitng by Nishit Navin)

 ((nishit.navin@thomsonreuters.com;))