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Graphite India reports a 44% net profit drop but plans a significant production expansion.
Graphite India's Q1 results showed a significant 44% drop in net profit and a 9% fall in revenue, leading to an 8% drop in its stock price.
Despite these declines, the company plans to expand its production capacity by 25,000 tonnes annually over two phases, with a total investment of ₹600 crore, including funds for renewable energy sources.
This expansion aims to boost its annual capacity to 105,000 tonnes.
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Graphite India informa de una caída del 44% en los beneficios netos, pero planea una expansión significativa de la producción.