New Delhi, Feb. 12 -- Graphite India on Wednesday, February 12, posted a Rs.20 crore consolidated net loss for the third quarter ended December 2024 (Q3) compared with a profit of Rs.18 crore in the corresponding last year quarter.

The consolidated revenue from operations declined 24.20% year-on-year (YoY) to Rs.523 crore from Rs.690 crore in Q3 FY24.

On a sequential basis, too, the performance as not inspiring, as the company had posted a Rs.195 crore profit in the preceding quarter of fiscal 2024-25. Meanwhile, revenue from operations also dipped 18.66% on a quarter-on-quarter (QoQ) basis from Rs.643 crore.

More to come...

Published by HT Digital Content Services with permission from MINT....