Indian graphite electrode makers rise as GrafTech results fuel optimism

Shares of HEG Ltd HEGL.NS and Graphite IndiaGRPH.NS are up 3.5% and 2%, respectively

GrafTechEAF.N , an industry leader in global graphite electrode manufacturing, said its Q1CY25 sales volume rise 2.5% Y/Y, while EBITDA margin improved to -3.3% from -5% a quarter ago

Sequential improvement in margins and pricing was key positive from GrafTech performance and also signal a recovery for domestic graphite electrode players, ICICI Direct Research said

Adds, GrafTech's move to raise prices could prompt Indian players like HEG and Graphite India to consider similar price hikes

HEGL is down 9% so far is 2025, while GRPH down 18%