Integrated Filing- Financial

Graphite India Limited has announced a board meeting to review the financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹532 crore compared to ₹741 crore in the previous quarter, with a profit before tax of ₹10 crore.

Notably, an exceptional item of ₹954 crore from the sale of land contributed significantly to previous gains.

The firm also recognized a inventory write-down amounting to ₹149 crore due to declining electrode prices.

This update suggests a mixed outlook for investors, presenting a combination of ongoing challenges with operational performance and substantial past asset sales.