For Q3FY19, Graphite India reported subdued results wherein topline, EBITDA and PAT came in below our estimate. The performance during the quarter was impacted by higher-than-expected operating costs (especially needle coke) and lower than expected volumes The company reported a consolidated topline of | 1855 crore (up 81% YoY, down 21% QoQ) lower than our estimate of | 1926.1 crore. Consolidated EBITDA for the quarter was at | 1083 crore (Q3FY18: | 543 crore, Q2FY19: | 1640 crore, our estimate: | 1193 crore). The...