Gravita India reported a consolidated net profit of ₹106.39 crore for Q1FY27, up 14% from ₹93.26 crore in Q1FY26, driven by a 42% surge in revenue to ₹1,475 crore. The Board of Directors, meeting on July 27, 2026, highlighted strong operational performance, including the London Metal Exchange (LME) Brand Listing for its Mundra plant’s lead metal under "GRAVITA M" and an upgraded credit rating from ICRA Limited.

The top-line growth was fueled by robust demand across lead, copper, and aluminium segments. Consolidated revenue from operations rose to ₹1,475 crore in Q1FY27 compared to ₹1,040 crore in Q1FY26. EBITDA grew 29% to ₹144.54 crore, with margins at 9.80%. Profit before tax stood at ₹131.28 crore, while total tax expenses were recorded at ₹24.91 crore. The company incurred capital expenditure of approximately ₹30 crore during the quarter.

Segment Performance and Operational Metrics

The lead segment remained the largest contributor, generating significant volume despite a slight YoY decline in tonnes due to mix shifts. Copper emerged as a key growth driver, contributing ₹376.05 crore in revenue with an EBITDA per MT of ₹55,151. Aluminium revenue increased, supported by higher EBITDA per MT of ₹25,175. Plastic volumes surged to 3,703 MT, though EBITDA per MT moderated to ₹10,197.

Strategic Developments and Capacity Expansion

Management stated that the Mundra plant’s LME Brand Listing validates global quality standards, enabling worldwide warehouse deliverability and strengthening international market presence. The company expanded its Phagi lead recycling capacity by 40,500 MTPA to 75,819 MTPA. ICRA Limited upgraded the Company’s credit rating, reflecting its strong financial profile and prudent capital management.

Additionally, Gravita India acquired a 99.44% stake in Rashtriya Metal Industries Limited (RMIL) for ₹561.84 crore, marking its strategic entry into the copper and copper alloys segment. RMIL operates a facility in Sarigram, Gujarat, with a capacity of 31,200 MTPA and reported FY26 revenue of ₹1,040 crore. The acquisition aims to diversify the portfolio beyond lead and enhance backward integration through copper scrap-to-alloy capabilities.

Financial Health and Auditor Review

Walker Chandiok & Co LLP, the statutory auditors, reviewed the unaudited standalone and consolidated financial results. Standalone net profit for the quarter was ₹68.05 crore, marginally up from ₹67.95 crore in Q1FY26. Standalone revenue was ₹860.13 crore. The auditors noted that interim financial information for certain subsidiaries and partnership firms was based on unreviewed statements certified by the Board, which they deemed immaterial to the Group.

What the Numbers Show

The significant jump in copper revenue and high EBITDA per MT (₹55,151) highlights the successful integration of RMIL and new market opportunities in that segment. While absolute profits grew, the EBITDA margin compression observed in prior periods warrants monitoring as input costs fluctuate. The consolidation of operations through the closure of Gravita Metal Inc and the near-full ownership of RMIL signals a strategic focus on centralizing manufacturing capabilities to improve operational leverage. The LME listing further reduces counterparty risk and expands addressable markets for its lead products.

Gravita India Limited will host a conference call on July 28, 2026, to discuss its earnings for the first quarter of FY27. The meeting, organized by Antique Stock Broking Limited, provides an opportunity for analysts and institutional investors to review the company's financial results. The session is scheduled to begin at 12:00 PM IST.

The disclosure was made to the stock exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing confirms the participation of the company's senior management team to address shareholder queries regarding the quarterly performance.

Management Participation

The conference call will feature key executives from Gravita India Limited, including:

• Mr. Yogesh Malhotra, Whole Time Director & CEO
• Mr. Sunil Kansal, Whole Time Director & CFO
• Mr. Naveen Sharma, Executive Director (Non-Board Member)
• Mr. Anant Jain – Investor Relations

Access Details

Participants can join the discussion via universal access numbers or international toll-free lines. The following table outlines the dial-in details for various regions:

For inquiries regarding the conference call, investors may contact Mr. Manish Mahawar or Mr. Aditya Mehta of Antique Stock Broking Limited.