Graphite India Limited has submitted its earnings presentation for Q3FY26 results to the Bombay Stock Exchange and National Stock Exchange on February 9, 2026. The comprehensive presentation covers the company's financial performance for the quarter and nine months ended December 31, 2025, along with strategic business developments and industry outlook.

Q3FY26 Financial Highlights

The earnings presentation reveals strong quarterly performance across key financial metrics. The company demonstrated significant improvement in profitability and operational efficiency during the third quarter.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, the company reported mixed performance with revenue growth offset by margin pressures. The presentation highlights both standalone and consolidated financial metrics.

Strategic Diversification Initiative

The presentation reveals the Board's approval for strategic diversification into Synthetic Graphite Anode Materials (SGAM) for lithium-ion batteries. This initiative represents a significant expansion into the Electric Vehicle ecosystem, leveraging the company's manufacturing expertise.

Industry and Market Outlook

The earnings presentation provides comprehensive analysis of global steel production trends and their impact on graphite electrode demand. Global crude steel production declined 1.90% to 1,803.90 million MT in 2025, with China's production falling 4.40% while India's production grew 10.20%.

Financial Position and Capacity Utilization

The company maintains a strong balance sheet with significant cash reserves and minimal debt. Standalone capacity utilization reached 87% in Q3FY26, compared to 81% in the corresponding quarter last year.

The presentation emphasizes the company's positioning to benefit from the global steel industry's transition toward Electric Arc Furnace-based steelmaking, which increases demand for graphite electrodes. The document also highlights regulatory compliance with new labour codes and the company's commitment to sustainable growth through diversification into clean energy technologies.

Graphite India Limited has announced that ICRA Ltd has reaffirmed its credit ratings across multiple facilities, maintaining strong investment-grade ratings with a stable outlook. The rating agency's assessment covers the company's working capital facilities and commercial paper programme, totaling Rs. 1700 crore in credit facilities.

Rating Details and Facility Coverage

ICRA Ltd has provided comprehensive rating coverage for Graphite India's credit facilities across two key areas:

The [ICRA] AA+ long-term rating indicates high credit quality with very low credit risk, while the [ICRA] A1+ short-term rating represents the highest credit quality for short-term instruments. The stable outlook suggests that ICRA expects the rating to remain unchanged over the medium term.

Regulatory Compliance and Disclosure

Graphite India Limited made this disclosure to both the Bombay Stock Exchange and National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company trades under scrip code 509488 on BSE and symbol GRAPHITE on NSE.

Significance of Rating Reaffirmation

The rating reaffirmation by ICRA demonstrates the credit rating agency's continued confidence in Graphite India's financial strength and creditworthiness. The maintenance of high investment-grade ratings across both long-term and short-term facilities provides the company with:

• Access to competitive borrowing rates in the debt market
• Enhanced credibility with lenders and financial institutions
• Flexibility in managing working capital requirements
• Ability to raise funds through commercial paper at favorable rates

The stable outlook indicates that ICRA expects Graphite India to maintain its current credit profile without significant deterioration or improvement in the near term. This rating reaffirmation supports the company's financial planning and capital allocation strategies while providing stakeholders with confidence in its credit quality.