Tirupati shares drop as full-year sales skyrocket but profit falls

Tirupati Graphite PLC is a specialist graphite and graphene company. It operates through three segments: Holding Companies Expenses, Mining Exploration and Development and Graphite Mining Extraction. Its operations include Flake Graphite Mining, Madagascar, Specialty Graphite Project, India and Technology Centre, India. It has two developing natural flake graphite mining and processing projects, including Sahamamy and Vatomina Project. Vatomina and Sahamamy projects spread across c. 33 square kilometers are fully permitted and operational. The Sahamamy project is located at an aerial distance of eight kilometers (km) from the Vatomina Project. The Tirupati Graphene and Mintech Research Center is a unit of its Specialty Graphite. It is being developed in Bhubaneswar, India. Its product basket constitutes approximately 60% Jumbo, 30% large and 10% small flakes. Its products are supplied directly to applications, such as refractories and raw material for downstream processing.