Graphite India has recorded a 0.29 per cent drop in consolidated net profit after tax at Rs 234.84 crore for the year ended March 31, compared to Rs 235.52 crore for the previous fiscal, on the back of its German subsidiary under performing due to the economic slowdown.
During the period under review, the firm's total income fell by 10.26 per cent at Rs 1347.03 crore as against Rs 1501.01 crore in the last financial year. However, the company's standalone operations posted a net profit of Rs 232.16 crore for the fiscal under consideration, almost 20 per cent up from the previous years' profit of Rs 193.57 crore.