Gravita India Limited, a leading recycling company, has reported robust financial results for the first half of FY26, demonstrating steady growth across key metrics. The company also unveiled ambitious expansion plans, aiming to more than double its capacity by FY28.

Financial Highlights

For H1 FY26, Gravita India reported:

The company's Q2 FY26 performance was equally impressive:

Expansion Plans and Strategic Initiatives

Gravita India has outlined an ambitious growth strategy:

• Capacity Expansion: The company aims to increase its installed capacity from the current 3.40 lakh metric tons per annum to over 7 lakh metric tons by FY28.
• Capex Realignment: The capex budget has been adjusted to approximately INR 1,225 crore by FY28, with INR 850 crore allocated for strengthening existing verticals and the remainder for diversification initiatives.
• Mundra Facility Expansion:
  • Phase 1 (30,000 metric tons) expected by November 2025
  • Phase 2 (50,000 metric tons) targeted for January 2026
• Phagi Lead Recycling: Capacity enhancement of 45,000 metric tons per annum, expected completion by December 2026.
• Diversification: Entry into lithium-ion battery recycling with a pilot unit at Mundra scheduled to be operational in Q3 FY26.

Value-Added Products and Market Presence

• 47% of revenue in H1 FY26 came from value-added products, progressing towards the Vision 2029 target of 50% contribution.
• The company operates across 70+ countries with 13 environmentally responsible state-of-the-art facilities.

Management Commentary

Yogesh Malhotra, Whole Time Director and CEO, stated, "Gravita delivered a steady performance in H1 FY26, reflecting consistent strength across operational and financial parameters in all major business verticals. Supported by a net debt-free balance sheet, the company remains well-positioned for continued growth and long-term value creation."

Future Outlook

Gravita India is advancing towards its Vision 2029, focusing on scaling core businesses and expanding into emerging sectors. The company is targeting:

• Volume CAGR of over 25%
• Profitability growth above 35%
• Maintaining ROIC of over 25%
• Increasing non-lead segment share to 30% of total revenue
• Meeting 30% of energy needs through renewables
• Reducing energy intensity by more than 10%

With its strong financial performance, ambitious expansion plans, and focus on value-added products, Gravita India appears well-positioned for sustainable growth in the recycling industry.

Gravita India Limited , a leading recycling company, has announced strong financial results for the quarter ended September 30, 2025, showcasing significant growth across key financial metrics.

Financial Highlights

Gravita India reported consolidated revenue from operations of Rs 1,362.08 crores for the quarter, compared to Rs 1,186.30 crores in the corresponding quarter of the previous year, representing a 14.8% increase. The company's consolidated profit after tax rose to Rs 55.79 crores from Rs 51.92 crores year-on-year, marking a 7.5% growth.

On a standalone basis, the company's performance was even more impressive:

All figures in Rs crores

These figures demonstrate Gravita India's strong market position and operational efficiency.

Operational Excellence

While specific EBITDA figures were not provided in the latest report, the significant increase in profit after tax, particularly on a standalone basis, suggests improved operational efficiency and effective cost management strategies.

Corporate Governance

The company's Board of Directors has approved a postal ballot notice seeking shareholders' approval, indicating ongoing corporate governance activities. The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on October 30, 2025.

Looking Ahead

Gravita India's Q2 FY2025-26 results demonstrate a company on a strong growth trajectory, with significant improvements in revenue and profitability. The recycling industry, in which Gravita operates, is gaining increasing importance in the global push towards sustainability and circular economy practices.

While the company has shown impressive growth, it will be important for stakeholders to monitor how Gravita India navigates potential challenges such as raw material price fluctuations, regulatory changes, and global economic conditions that could impact the recycling industry.

As Gravita India moves forward, its ability to maintain this growth momentum while adapting to market dynamics will be crucial for long-term success.