Graphite India Ltd Q1 FY27 Results Analysis: Revenue Jumps 27%, EBITDA Margin Compresses 208 bps

Graphite India Ltd's Q1 FY27 numbers came in mixed, with revenue of Rs. 842.00 Cr (+26.62% YoY) and PAT growth of +28.36% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

Consolidated revenue grew 27% YoY driven by strong steel segment performance. However, raw material cost pressure compressed standalone EBITDA margins by 208 bps. The company's capacity expansion and steel segment ramp-up provide optimism for future growth, but near-term margin headwinds persist.

Key Investment Insights

Key Positives

• Consolidated revenue grew 27% YoY to Rs.842 Cr
• Steel segment revenue more than doubled to Rs.111 Cr with EBIT margin of 38.74%
• Consolidated PAT to owners grew 28% YoY to Rs.172 Cr
• Standalone EBITDA of Rs.222 Cr grew 11% YoY
• Inventory write-down reduced from Rs.75 Cr to Rs.22 Cr (standalone)
• No exceptional items in Q1
• Finance costs normalised to Rs.3 Cr from Rs.17 Cr in Q4

Risk Factors

• Standalone EBITDA margin contracted 208 bps YoY to 29.02%
• Cost of materials consumed grew 41% YoY vs revenue growth of 19%
• Other income volatile: FVTPL gains of Rs.84 Cr in Q1 vs Rs.125 Cr in Q1FY26
• US CVD preliminary duty of 3.68% announced post-quarter, impact not yet assessed
• Germany division closure announced post-quarter, potential one-time costs