Gravita India reported a consolidated net profit of ₹106.37 crore for Q1FY27, rising 14% from ₹93.06 crore in the same quarter last year, driven by a robust 42% surge in total income to ₹1,522.60 crore. The Board of Directors, meeting on July 27, 2026, approved the unaudited financial results for the quarter ended June 30, 2026, highlighting strong operational performance and strategic expansions including the London Metal Exchange (LME) Brand Listing for its Mundra plant’s lead metal under "GRAVITA M".

The top-line growth was fueled by increased demand across lead, copper, and aluminium segments. Consolidated revenue from operations reached ₹1,475 crore in Q1FY27 compared to ₹1,040 crore in Q1FY26. EBITDA stood at ₹145 crore, up 29% from ₹112 crore YoY, though the EBITDA margin contracted to 9.52% from 10.77% due to mix shifts and input cost fluctuations. Profit before tax rose to ₹131.28 crore from ₹115.93 crore, while total tax expenses were recorded at ₹24.91 crore.

Segment Performance and Operational Metrics

The lead segment remained the largest contributor, generating significant volume despite slight tonnage declines due to product mix shifts. Copper emerged as a key growth driver, contributing substantially to the revenue surge with high EBITDA per metric tonne. Aluminium revenue also increased, supported by higher margins. The company expanded its Phagi lead recycling capacity by 40,500 MTPA to 75,819 MTPA, reinforcing its domestic manufacturing base.

Strategic developments included the acquisition of a 99.44% stake in Rashtriya Metal Industries Limited (RMIL) for ₹561.84 crore, marking Gravita’s entry into the copper and copper alloys segment. RMIL operates a facility in Sarigram, Gujarat, with a capacity of 31,200 MTPA. Additionally, ICRA Limited upgraded the company’s credit rating, reflecting its strong financial profile and prudent capital management.

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 turnover 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 highlights the successful integration of RMIL and new market opportunities in that segment. The EBITDA margin contraction warrants monitoring as input costs fluctuate. The consolidation of operations through 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 has uploaded the audio recording of its earnings call regarding the financial results for the quarter ended June 30, 2026. The conference call took place on July 28, 2026, providing investors and analysts with management’s commentary on the company’s performance for the period. This disclosure ensures that all market participants have equal access to the detailed discussions on operational metrics, financial outcomes, and strategic initiatives undertaken during the quarter.

The disclosure was made pursuant to Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with clause 15 of Para A of Part A of Schedule III. These regulations mandate timely disclosure of material events and ensure transparency in corporate communications with the investing public.

Company Secretary Nitin Gupta confirmed that the audio file is available on Gravita India’s official website. Stakeholders can access the recording through the provided link to hear detailed discussions on operational metrics, financial outcomes, and strategic initiatives undertaken during the quarter. The upload aligns with standard post-earnings protocols, providing an additional resource for investors who may have missed the live broadcast or wish to revisit specific segments of the management presentation.

Filing Details

This filing serves as a procedural update to the stock exchanges, ensuring that all market participants have equal access to the information presented during the earnings discussion. The availability of the audio recording supports regulatory compliance and facilitates informed decision-making by shareholders.