Gravita India Limited , a leading recycling company, has unveiled ambitious expansion plans and reported robust financial results for the first quarter, demonstrating strong growth across key metrics.

₹1,500 Crore Investment Plan

Gravita India has announced plans to invest ₹1,500 crores with the goal of achieving 7 LTPA (lakh tonnes per annum) capacity by FY28. The company is targeting over 25% volume growth and more than 35% profit increase through non-lead products and global expansion by 2029. This strategic investment is aligned with Gravita's vision to become one of the top five global recycling companies by 2028.

Q1 Financial Highlights

For the quarter ended June 30, Gravita India reported impressive consolidated financial results:

• Revenue from operations increased by 15% year-over-year to ₹1,039.94 crores, compared to ₹907.86 crores in the same quarter of the previous year.
• EBITDA grew by 22% to ₹111.70 crores, with an improved EBITDA margin of 10.74%.
• Profit after tax (PAT) surged by 39% to ₹93.26 crores, up from ₹67.33 crores in the same quarter last year.
• Earnings per share (EPS) rose to ₹12.81, compared to ₹9.82 in the corresponding quarter of the previous year.

Segment Performance

The company's performance across its business segments for the quarter was as follows:

The lead segment continued to be the primary revenue driver, while aluminium and plastics segments also contributed significantly to the company's growth.

Management Commentary

Yogesh Malhotra, Whole Time Director & CEO of Gravita India, commented on the results: "Q1 marked a strong start to the fiscal year, with Gravita delivering solid operational and financial performance across all key segments. Building on the record-setting momentum of the previous fiscal year, the company remains firmly aligned with its VISION 2029 roadmap—focused on expanding the capacity across core segments to 7LTPA+ by FY28 and scaling new verticals including lithium-ion, paper, and steel."

Future Outlook

Gravita India continues to target 25%+ volume CAGR, 35%+ profitability growth, and 25%+ ROIC. The company aims to progressively increase the share of value-added products to over 50% and non-lead business to over 30%, anchored by a deep commitment to ESG goals.

The company's global operations, integrated supply chain, and focus on margin-accretive product mix position it well for sustained growth. With its ambitious investment plan and strong financial performance, Gravita India appears poised for significant expansion in the recycling industry.

Gravita India Limited , a leading recycling company, has reported robust financial results for the first quarter, demonstrating significant growth across key metrics. The company's performance highlights its continued momentum in the recycling sector and effective execution of its strategic initiatives.

Financial Highlights

• Revenue Growth: Gravita India's consolidated revenue from operations increased by 15% year-on-year to Rs. 1,039.94 crore.
• Profit Surge: The company's consolidated profit after tax (PAT) saw a remarkable 39% year-on-year growth, reaching Rs. 93.26 crore.
• EBITDA Performance: Consolidated EBITDA grew by 22% compared to the same quarter last year, amounting to Rs. 111.70 crore.
• Margin Improvement: EBITDA margin expanded to 10.74%, up from 10.05% in the previous year's corresponding quarter.

Operational Performance

Gravita India reported strong volume growth across its key segments:

The company's total recycling volume for the quarter stood at 53,441 MT, representing a 12% year-on-year increase.

Segment-wise Performance

• Lead Segment: Continued to be the largest contributor with revenue of Rs. 928.17 crore.
• Aluminium Segment: Showed significant growth with revenue of Rs. 94.41 crore.
• Plastics Segment: Generated revenue of Rs. 16.41 crore.

Strategic Developments

1. Global Expansion: Gravita Netherlands B.V., a step-down subsidiary, incorporated a new wholly-owned subsidiary named Recyclers Dominicana RDS, S.A.S., further expanding the company's global footprint.

2. Utilization of QIP Proceeds: Out of the Rs. 1,000 crore raised through Qualified Institutional Placement (QIP) in December 2024, Rs. 726.64 crore has been utilized for repayment of borrowings, working capital requirements, and general corporate purposes.

3. Dividend Distribution: The company paid an interim dividend of Rs. 6.35 per share (face value Rs. 2) during the quarter, amounting to Rs. 46.24 crore.

Management Commentary

Yogesh Malhotra, Whole Time Director & CEO, stated, "Q1 marked a strong start, with Gravita delivering solid operational and financial performance across all key segments. We remain firmly aligned with our VISION 2029 roadmap, focused on expanding capacity across core segments and scaling new verticals."

He added, "Gravita continues to target 25%+ volume CAGR, 35%+ profitability growth, and 25%+ ROIC, while progressively increasing the share of value-added products to over 50% and non-lead business to over 30%, all anchored by a deep commitment to ESG goals."

Future Outlook

Gravita India remains committed to its VISION 2029, which includes:

• Expanding capacity across core segments to 7LTPA+ by FY2028
• Scaling new verticals including lithium-ion, paper, and steel recycling
• Focusing on sustainable and profitable growth
• Enhancing ESG initiatives, including a 10%+ reduction in energy consumption and 30%+ renewable power usage

The company's strong Q1 performance and strategic initiatives position it well for continued growth in the recycling industry.

About Gravita India Limited

Gravita India Limited is a leading recycling company with a global presence in Asia, Africa, Europe, and the Americas. The company specializes in recycling lead, aluminium, plastic, and rubber, with a focus on sustainable and eco-friendly practices.