Graphite India Limited

rs,

mited The Corporate Relationship Department 1st Floor, New Trading Ring, Rotunda Bldg., P.J.Towers, Dalal Street, Mumbai 400 001. Scrip Code - 509488 The Manager Listing Department National Sto

Rs. 747 Crore

________________________ 17 2 Executive Summary Q1 FY2024 Financial Performance o Net Sales of Rs. 747 Crores, a decline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-

13.7%

2 Executive Summary Q1 FY2024 Financial Performance o Net Sales of Rs. 747 Crores, a decline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-y and 1.0% q-o-q Q1

8.3%

ary Q1 FY2024 Financial Performance o Net Sales of Rs. 747 Crores, a decline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-y and 1.0% q-o-q Q1 FY2024 Profit and

Rs. 720 Crore

rformance o Net Sales of Rs. 747 Crores, a decline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-y and 1.0% q-o-q Q1 FY2024 Profit and Loss o EBITDA of Rs. (13)* Crores

9.8%

747 Crores, a decline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-y and 1.0% q-o-q Q1 FY2024 Profit and Loss o EBITDA of Rs. (13)* Crores as compared to Rs. 5

1.0%

ecline of 13.7% y- o-y and 8.3% q-o-q o Net Sales of Rs. 720 Crores, a decline of 9.8% y-o-y and 1.0% q-o-q Q1 FY2024 Profit and Loss o EBITDA of Rs. (13)* Crores as compared to Rs. 59 Crores in Q1

Rs. 59 Crore

9.8% y-o-y and 1.0% q-o-q Q1 FY2024 Profit and Loss o EBITDA of Rs. (13)* Crores as compared to Rs. 59 Crores in Q1 FY23 Q1 FY2024 Profit and Loss o EBITDA of Rs. (14)* Crores as compared to Rs. 97 Crore

Rs. 97 Crore

Rs. 59 Crores in Q1 FY23 Q1 FY2024 Profit and Loss o EBITDA of Rs. (14)* Crores as compared to Rs. 97 Crores in Q1 FY23 (Consolidated) o Net Loss of Rs. 30 Crores as compared to Net (Standalone) o Net L

Rs. 30 Crore

EBITDA of Rs. (14)* Crores as compared to Rs. 97 Crores in Q1 FY23 (Consolidated) o Net Loss of Rs. 30 Crores as compared to Net (Standalone) o Net Loss of Rs. 27 Crores as compared to Net Profit of Rs.

Rs. 27 Crore

FY23 (Consolidated) o Net Loss of Rs. 30 Crores as compared to Net (Standalone) o Net Loss of Rs. 27 Crores as compared to Net Profit of Rs. 24 Crores in Q1 FY23 o EPS of Rs. (1.56) per share Profit of

Rs. 24 Crore

rores as compared to Net (Standalone) o Net Loss of Rs. 27 Crores as compared to Net Profit of Rs. 24 Crores in Q1 FY23 o EPS of Rs. (1.56) per share Profit of Rs. 63 Crores in Q1 FY23 o EPS of Rs. (1.39)

Notes

4

Note

2

Note

1) Source: World Steel Association, the figures are estimates that may be revised with next month’s production update. Above data represents a total of 64 Countries as per WSA which accounts for 98% of total world crude steel production 2) Source: World Steel Association 6 Graphite Electrode Industry ▪ The evident focus on substantial decarbonization measures in the developed world indicates that the growth of Electric Arc Furnace (EAF) will surpass that of Blast Furnace / Bessimer Oxygen Furnace (BF/BOF) ▪ Governments around the world are introducing stringent environmental regulations to reduce pollution. This is expected to drive the demand for graphite electrodes in the steel industry ▪ The growing demand from the steel industry for electric arc furnace (EAF) steelmaking, increasing usage of EAFs as a more cost-effective and sustainable steel production method and rising demand for high-quality steel products in various sectors such as automotive, construction and infrastructure, i

Note

1) Source: Industry 7 Consolidated Financial Performance (Rs. Crore) Net Sales (Excluding Other Income) Other Income Total Income EBITDA / (Loss) excluding One Time Income / Expense Margin (%) EBITDA / (Loss) Margin (%) Interest Depreciation Profit / (Loss) Before Tax (before Exceptional items and Associates) Share of Profit/(Loss) of an Associate Exceptional Items PBT after Exceptional Items Q1 y-o-y Q4 q-o-q Year Ended y-o-y FY2024 FY2023 Growth (%) FY2023 Growth (%) FY2023 FY2022 Growth (%) Comments 747 78 825 144** 19.3% (13) (1.7)% 6 18 (37) - - (37) 866 31 897 59 6.8% 59 6.8% 2 14 43 - - 43 (13.7%) 151.6% (8.0%) 144.1% nm 200.0% 28.6% nm - - nm nm 815 5 820 67 8.2% 67 8.2% 4 15 48 - - 48 29 3.6% (8.3%) nm 0.6% 3,181 133 3,314 3,026 294 3,320 5.1% (54.8%) (0.2%) 114.9% 520* 769 (32.4%) nm 50.0% 20.0% nm - - nm nm 16.3% 25.4% 445 14.0% 769 25.4% (42.1%) 13 57 375 - (53) 322 5 55 709 (16) - 693 199 6.3% 505 16.7% 160.0% 3.6% (47.1%) nm nm (53.5%) (60.6%) Y-o-Y Sales was impacted due

Notes

1. 2. 3. *EBITDA includes onetime expense of net charge of Rs. 75 Cr. (after netting off corresponding provision created in earlier years) charged under 'Power and Fuel” expenses EBITDA includes Other Income ***The Company, in accordance with the applicable Ind AS, has recognized its carrying inventory on Net Realizable Value (NRV) basis to the extent applicable and has taken a charge on the cost of inventory of Rs. 157 Cr. during the current quarter, thereby impacting the profitability for the quarter ended 30th June 2023 All margins calculated as a percentage of Net Sales (excluding Other Income) 8 Standalone Financial Performance (Rs. Crore) Net Sales Excluding Other Income Other Income Total Income Q1 y-o-y Q4 q-o-q Year Ended y-o-y FY2024 FY2023 Growth (%) FY2023 Growth (%) FY2023 FY2022 Growth (%) Comments 720 72 792 798 22 820 (9.8%) 227.3% (3.4%) 727 7 734 (1.0%) nm 7.9% 2,913 133 3,046 2,799 279 3,078 4.1% (52.3%) (1.0%) EBITDA / (Loss) excluding One Time Income and Expense Ma

Notes

1. 2. 3. *EBITDA includes onetime expense of net charge of Rs. 75 Cr. (after netting off corresponding provision created in earlier years) charged under 'Power and Fuel” expenses EBITDA includes Other Income **The Company, in accordance with the applicable Ind AS, has recognized its carrying inventory on Net Realizable Value (NRV) basis to the extent applicable and has taken a charge on the cost of inventory of Rs. 157 Cr. during the current quarter, thereby impacting the profitability for the quarter ended 30th June 2023 All margins calculated as a percentage of Net Sales (excluding Other Income) 9 Quarter Performance Trends Consolidated Net Sales Standalone Net Sales 866 815 747 798 727 720 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Consolidated Operating Profit / (Loss) Standalone Operating Profit / (Loss) 7% 59 8% 67 Q1FY23 Q4FY23

Notes

1. 2. Operating Profit / (Loss) is including Other Income All numbers in Crores unless specifically mentioned 12% 13% (2)% (13) Q1FY24 97 93 Q1FY23 Q4FY23 (2)% (14) Q1FY24 10 Quarter Performance Trends Consolidated Net Profit / (Loss) Standalone Net Profit / (Loss) 3% 24 4% 29 Q1FY23 Q4FY23 (30) (4)% Q1FY24 80% 8% 63 8% 56 Q1FY23 Q4FY23 (27) (4%) Q1FY24 Capacity Utilization (Standalone) 61% 67% Note: All numbers in Crores unless specifically mentioned 11 Q1FY23 Q4FY23 Q1FY24 Leverage Profile Significant financial flexibility available for future organic and inorganic growth Consolidated Leverage Profile Standalone Leverage Profile (Rs. Crore) June- 23 Mar- 23 Dec- 22 Sept- 22 June- 22 (Rs. Crore) June- 23 Mar- 23 Dec- 22 Sept- 22 June- 22 Cash & Cash Equivalents1 2,475 2,356 2,376 2,527 2,667 Cash & Cash Equivalents1 2,222 2,106 2,085 2,234 2,474 Total Debt (360) (425) (345) (415) (464) Total Debt (280) (335) (221) (264) (356) Net Cash 2,115 1,931 2,031 2,112 2,203 Net Cash 1,942 1,771

Notes

1. Cash and cash equivalents include investments 12 Quarterly Segment Performance Consolidated Segment Performance Standalone Segment Performance Q1 y-o-y Q4 q-o-q Q1 y-o-y Q4 q-o-q (Rs. Crore) FY2024 FY2023 692 56 1 747 (105) 11 (94) (6) 63 798 68 * 866 69 16 85 (2) (40) (37) 43 Graphite and Carbon Others Less: Inter Segment Sales Segment Revenue Graphite and Carbon Others Profit / (Loss) before tax and interest Finance Cost Unallocated Income / (expense) Profit / (Loss) Before Tax (Before Exceptional Items and Associates) Share of Profit/Loss of an Associate Exceptional Items Growth (%) (13.3)% (17.6)% nm (13.7)% nm (31.3)% nm 200.0% nm nm Profit / (Loss) Before Tax (37) 43 nm Amounts are below the rounding off norm adopted by the company* FY2023 763 52 * 815 78 (17) 61 (4) (9) 48 * * 48 (Rs. Crore) FY2024 FY2023 Growth (%) (9.3)% 7.7% * (8.3)% nm nm nm Graphite and Carbon Others Less: Inter Segment Sales Segment Revenue Graphite and Carbon Others Profit / (Loss) before tax and inter