Graphite India (GIL), pioneers in graphite products manufacture in India, witnessed a fall in share price on Wednesday after it disclosed a  drop in standalone net profit for the quarter ended June 2015.  During the quarter, the profit of the company declined 40.60% to Rs 163.30 million from Rs 274.90 million  in the same quarter previous year.

Revenues for the quarter declined 12.88% to Rs 3,225.00 million, compared with Rs 3,701.70 million for the prior year period.

Shares of Graphite India are trading at Rs 75.35, down Rs 1.85, or 2.40% at the Bombay Stock Exchange (BSE) on Wednesday at 9:41 a.m.

Total volume of shares traded on the bourses today was lower by 87.68% to 6,316 compared with 22-day average volume of 51,268.