The company said the lasting impact of the Russia-Ukraine war and weak demand have adversely impacted the competitiveness of the Graphite Specialties and Coating divisions in Germany. As a result, the local managements have decided to discontinue and close the operations and associated service activities of the mentioned divisions.
These divisions are expected to shut down in six months, depending on the discussions with the local Works Council, and had reported a total turnover of ₹105.29 crore in financial year 2025-2026.
As of March 31, 2026, the net worth for these entities stood at a negative ₹322.53 crore, while the overall consolidated net worth stood at ₹5,859 crore.
Graphite India’s net profit in the March quarter declined to ₹16 crore from ₹29 crore in the previous year. Its operating loss came in at ₹10 crore compared to a positive EBITDA of ₹62 crore in the same period of the previous fiscal.
The company’s revenue also declined by 12% from last year to ₹720 crore.
It had recommended a dividend of ₹11 per share of face value of 2 each, its highest payout since June 2019, when it had paid ₹35 apiece to shareholders.
Shares of Graphite India ended the previous session 4% lower at ₹579.3 apiece. The stock has declined 13.2% in the past month.
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