Graphite India Limited is the largest Indian producer of graphite electrodes, manufacturing a wide range of graphite products with a robust presence in the global market. The company reported Q2 FY2026 sales growth of 13.4% y-o-y, primarily due to increased volumes and stable realizations. However, EBITDA and net profit declined significantly by 52.5% and 60.8% y-o-y, respectively, due to competitive headwinds and high raw material costs. Graphite India's capacity utilization reached 99%, showcasing operational efficiency and strong demand. Despite financial pressures, the company maintains a strong balance sheet with net cash of Rs. 3,921 Crores, positioning it well for future growth and investment opportunities.