Graphite India announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Graphite India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Graphite India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.54 %. However, it did see a marginal increase of 1.11 % from the previous quarter. Expenses decreased slightly by -15.75 % quarter-on-quarter, aligning with the annual decline of -26.61 %. Operating profit, while up 224.18 % compared to last year, faced a quarter-on-quarter increase of 1230 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 27.7 %, but an expansion of 16.91 % sequentially. Other income rose by 169.44 % compared to the last quarter, despite an annual growth of 148.72 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs fell by -9.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.11 %. Profit before tax grew annually by 867.57 % but saw an increase from the preceding quarter by 667.57 %.
Tax expenses as a percentage of profits increased slightly by 35.82 % compared to last year, with a more notable quarter-on-quarter decrease of -39.86 %. Net profit rose by 886.67 % year-on-year but experienced a 1375 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 876.28 % but a quarterly rise of 1413.75 %. In summary, Graphite India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Graphite India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.54 % year-on-year, however, there was a minor increase of 1.11 % from the previous quarter. Expenses decreased by -26.61 % compared to the previous year, with a decrease of -15.75 % quarter-on-quarter. Operating Profit surged by 224.18 % annually, and saw a 1230 % increase from the last quarter.
Net Profit showed yearly increase of 886.67 %, and experienced a 1375 % increase from the previous quarter. Earnings Per Share (EPS) rose by 876.28 % annually, however rose by 1413.75 % compared to the last quarter. In essence, while Graphite India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.