Gravita India FY26 Results: Revenue ₹4,265 Cr, PAT ₹378 Cr; Copper Expansion Planned
Gravita India Limited's Board approved audited FY26 consolidated results on May 7, 2026, reporting revenue of ₹4,265.27 crores (+10% YoY), EBITDA of ₹452 crores (+12% YoY), and PAT of ₹378.33 crores (+21% YoY). Standalone revenue stood at ₹3,481.37 crores with PAT of ₹297.02 crores. The Board also announced a greenfield Copper Recycling Plant at Mandvi, Gujarat, with a capacity of ~29,400 MTPA and capex of approximately ₹160 crore, expected to be commissioned within 12 months.

*this image is generated using AI for illustrative purposes only.
Gravita India Limited's Board of Directors, at its meeting held on May 7, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, Walker Chandiok & Co LLP, issued an unmodified opinion on both the standalone and consolidated financial results. Alongside the results, the Board announced plans to establish a Copper Recycling Plant at Mandvi, Gujarat. For FY26, Gravita reported year-on-year growth of 10% in revenue, 12% in EBITDA, and 21% in PAT.
Q4 FY26 Quarterly Performance
Gravita India's Q4 FY26 results reflected a mixed operational picture. Revenue grew to ₹1,181.62 crores from ₹1,072.82 crores in Q4 FY25. Net Profit After Tax for the quarter was ₹91.81 crores, compared to ₹94.92 crores in the previous year. EBITDA for the quarter stood at ₹105.95 crores. The following table presents the key quarterly metrics across recent periods:
| Metric: | Q4 FY26 | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue (Cr): | 1,181.62 | 1,028.76 | 1,072.82 |
| Net Profit Before Tax (Cr): | 105.95 | 115.09 | 114.57 |
| Net Profit After Tax (Cr): | 91.81 | 97.49 | 94.92 |
Consolidated Financial Performance
Gravita India delivered a strong performance for the year ended March 31, 2026 on a consolidated basis. Revenue from operations grew to ₹4,265.27 crores from ₹3,868.77 crores in the previous year. Total income for the year stood at ₹4,342.20 crores compared to ₹3,980.61 crores in the prior year. Profit before tax rose to ₹448.25 crores from ₹363.46 crores, while net profit after tax increased to ₹378.33 crores from ₹312.90 crores. Total comprehensive income for the year was ₹418.78 crores against ₹296.25 crores in the previous year.
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations: | ₹4,265.27 crores | ₹3,868.77 crores |
| Total Income: | ₹4,342.20 crores | ₹3,980.61 crores |
| Profit Before Tax: | ₹448.25 crores | ₹363.46 crores |
| Net Profit After Tax: | ₹378.33 crores | ₹312.90 crores |
| Total Comprehensive Income: | ₹418.78 crores | ₹296.25 crores |
| Basic EPS (Rs.): | 52.02 | 45.11 |
Standalone Financial Performance
On a standalone basis, revenue from operations for the year ended March 31, 2026 was ₹3,481.37 crores, compared to ₹3,222.77 crores in the previous year. Standalone profit before tax was ₹362.58 crores against ₹232.92 crores, and net profit after tax stood at ₹297.02 crores compared to ₹194.13 crores in the prior year.
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Revenue from Operations: | ₹3,481.37 crores | ₹3,222.77 crores |
| Profit Before Tax: | ₹362.58 crores | ₹232.92 crores |
| Net Profit After Tax: | ₹297.02 crores | ₹194.13 crores |
Copper Recycling Plant Expansion
Gravita India announced plans to establish a greenfield Copper Recycling Plant at Mandvi, Gujarat. The facility is designed to expand the company's non-ferrous metal recycling portfolio. The plant will deploy advanced recycling technologies to ensure high metal recovery and consistent product quality. Commissioning is expected within the next 12 months, funded through internal accruals.
| Parameter: | Details |
|---|---|
| Capital Expenditure: | Approximately ₹160 crore |
| Location: | Mandvi, Gujarat |
| Installed Capacity: | ~29,400 MTPA |
| Funding: | Internal accruals |
| Expected Commissioning: | Within 12 months |
Historical Stock Returns for Gravita India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.33% | -0.15% | -0.01% | -11.73% | -15.44% | +1,449.38% |
How will the new Copper Recycling Plant at Mandvi impact Gravita's revenue mix and margins once it reaches full capacity of 29,400 MTPA, and could copper become a significant revenue contributor alongside lead recycling?
Given that Q4 FY26 PAT declined year-on-year despite revenue growth, what cost pressures or margin headwinds could persist into FY27 and how might management address them?
With the copper plant funded entirely through internal accruals, how might this capital allocation strategy affect Gravita's ability to pursue additional expansion or acquisition opportunities in FY27?


































