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. The meeting commenced at 01:00 P.M. and concluded at 06:15 P.M.

Q4 Quarterly Performance

Gravita India's Q4 results reflected a mixed but broadly healthy operational picture. EBITDA for Q4 improved to 1.1B rupees compared to 930M rupees in the same quarter of the previous year, with the EBITDA margin expanding to 9.55% from 8.97% year-on-year. Q4 consolidated revenue grew to 11.72B rupees from 10.4B rupees year-on-year. However, Q4 consolidated net profit came in at 918M rupees versus 951M rupees in the corresponding quarter of the prior year.

The following table summarises the key Q4 metrics:

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.

The following table summarises the consolidated annual financial results:

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. Total comprehensive income on a standalone basis was ₹298.57 crores versus ₹192.94 crores in the previous year.

Segment-Wise Performance

The Lead segment remained the dominant contributor to consolidated revenue, recording ₹3,771.10 crores for the year ended March 31, 2026, compared to ₹3,419.42 crores in the previous year. The Aluminium segment contributed ₹364.65 crores versus ₹341.20 crores, while the Plastics segment recorded ₹70.43 crores against ₹84.45 crores. The Copper segment, newly added following the acquisition of Rashtriya Metal Industries Limited (RMIL), contributed ₹51.78 crores for the year. The Turnkey Projects segment recorded ₹4.76 crores compared to ₹19.96 crores in the prior year.

Key Corporate Developments

The Board approved several significant corporate actions at the May 7, 2026 meeting:

• Copper Recycling Plant: Setting up of a Copper Recycling Plant at Mandvi, Gujarat with an approximate capex of Rs. 160 Crores. The plant is expected to provide strategic diversification of business operations, optimal utilization and monetization of existing land assets, and creation of long-term shareholder value.
• Acquisition of RMIL: During the year ended March 31, 2026, Gravita India acquired a 98.95% equity stake in Rashtriya Metal Industries Limited (RMIL) for an aggregate consideration of Rs. 559.08 crore, pursuant to a Share Purchase Agreement executed on March 12, 2026. RMIL is engaged in the manufacture of copper and copper alloy products, with an integrated manufacturing facility located at Sarigam, Gujarat.
• Closure of Subsidiary: Voluntary closure of Recycling Infotech LLP is underway. The subsidiary had nil contribution to total turnover on a standalone basis. The actual date of closure will be separately intimated upon completion.
• Change in Internal Auditor: M/s Deloitte Touche Tohmatsu India LLP (Deloitte) has been appointed as the new Internal Auditor for financial year 2026-27, replacing M/s PricewaterhouseCoopers Services LLP (PwC), whose tenure has been completed. Deloitte's appointment was effective from the Board meeting held on May 7, 2026.

Balance Sheet Highlights

On a consolidated basis, total assets as at March 31, 2026 stood at ₹3,416.95 crores compared to ₹2,515.08 crores as at March 31, 2025. Total equity increased to ₹2,458.41 crores from ₹2,077.53 crores. Total liabilities were ₹958.54 crores versus ₹437.55 crores in the prior year. Consolidated cash and cash equivalents at the end of the year were ₹80.32 crores compared to ₹94.61 crores at the beginning of the year.

Gravita India Limited has announced the acquisition of additional shares in its subsidiary Rashtriya Metal Industries Limited (RMIL), further consolidating its ownership stake in the company. The acquisition was disclosed through a regulatory filing dated 16th April, 2026, submitted to both BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Acquisition Details

The company has acquired 20,400 shares of Rashtriya Metal Industries Limited, representing 0.49% of the subsidiary's total shareholding. This acquisition follows an earlier disclosure made by the company on 12th March, 2026, indicating ongoing efforts to increase its stake in the subsidiary.

Increased Ownership Structure

As a result of this latest acquisition, Gravita India's shareholding in Rashtriya Metal Industries Limited has increased from 98.95% to 99.44%. This brings the company's ownership stake very close to complete control of the subsidiary, with only a minimal 0.56% remaining with other shareholders.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Nitin Gupta, Company Secretary (FCS: 9984), and submitted to both major stock exchanges where the company is listed.

Corporate Information

Gravita India Limited operates from its corporate office at Gravita Tower, A-27 B, Shanti Path, Tilak Nagar, Jaipur-302004, Rajasthan. The company's registered office is located at 'Saurabh', Chittora Road, Diggi-Malpura Road, Tehsil: Phagi, Jaipur-303 904, Rajasthan. This strategic acquisition demonstrates the company's commitment to strengthening its subsidiary operations and maintaining consolidated control over its business units.