Gravita India Reports Strong Q1 Performance with 39% PAT Growth

2 min read     Updated on 28 Jul 2025, 06:49 PM
scanxBy ScanX News Team
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Overview

Gravita India Limited, a recycling company, reported robust Q1 financial results. Consolidated revenue increased by 15% to Rs. 1,039.94 crore, while PAT grew 39% to Rs. 93.26 crore. EBITDA rose 22% to Rs. 111.70 crore with margin expansion. Total recycling volume increased 12% to 53,441 MT. The company expanded globally, utilized QIP proceeds, and paid an interim dividend. Management remains committed to VISION 2029, targeting expansion in core segments and new verticals.

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*this image is generated using AI for illustrative purposes only.

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:

Segment Volume (MT) YoY Growth
Lead 46,215 10%
Aluminium 4,812 96%
Plastic 2,414 -24%

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.

Historical Stock Returns for Gravita

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%+3.34%-0.38%-9.28%+14.23%+3,977.26%
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Gravita India Reports Strong Q1 Results with 15% Revenue Growth and 39% PAT Increase

2 min read     Updated on 28 Jul 2025, 05:31 PM
scanxBy ScanX News Team
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Overview

Gravita India Limited, a recycling company, reported strong Q1 financial results with a 39% increase in consolidated net profit to ₹93.26 crore. Revenue from operations grew 15% to ₹1,037.00 crore. The company achieved 12% volume growth and 22% EBITDA increase. Lead segment remains the largest contributor to revenue and profitability. Gravita maintains its Vision 2029 targets, including 25% volume CAGR and 35% profitability growth.

15249694

*this image is generated using AI for illustrative purposes only.

Gravita India Limited , a leading recycling company, has reported robust financial performance for the first quarter. The company's consolidated net profit jumped 39% year-over-year to ₹93.26 crore, up from ₹67.3 crore in the same quarter last year.

Revenue Growth

The company's revenue from operations saw a significant increase, rising by 15% to ₹1,037.00 crore compared to ₹907.86 crore in the corresponding quarter of the previous year. This growth in revenue indicates strong demand for Gravita's recycled products and services across its various segments.

Operational Highlights

  • Achieved 12% volume growth
  • EBITDA increased by 22%, maintaining healthy margins at 10.74%
  • Value-added product contribution grew 47% during the quarter
  • The company operates across four recycling verticals - lead, aluminium, plastic, and rubber
  • Global presence spanning 12 recycling plants

Segment-wise Performance

Gravita India operates in multiple segments, with Lead and Aluminium being the primary contributors to its revenue. Here's a breakdown of the segment-wise performance:

Segment Revenue (₹ in crore) Segment Results (₹ in crore)
Lead 928.17 115.60
Aluminium 94.41 6.61
Plastics 16.41 0.95
Turnkey Projects 0.64 0.44
Others 0.31 (0.63)

The Lead segment continues to be the largest contributor to the company's revenue and profitability, followed by the Aluminium segment.

International Operations

  • 26% of revenue came from overseas business
  • 25% profit contribution from international operations
  • Diversified customer base across 34 countries

Financial Metrics

  • Return on invested capital (ROIC) remained strong at 28%
  • Supported by the company's back-to-back hedging mechanism

Future Outlook

Gravita maintains its Vision 2029 targets:

  • 25% volume CAGR
  • 35% profitability growth
  • 25% ROIC
  • Expanding capacity to over 7 lakh tonnes per annum by FY28

Management Commentary

Yogesh Malhotra, Whole-time Director & CEO of Gravita India, commented on the results, stating, "We are pleased with our strong performance in the first quarter. The significant growth in both revenue and profitability demonstrates the resilience of our business model and the increasing demand for our recycled products. We remain focused on expanding our operations, improving operational efficiencies, and capitalizing on growth opportunities in the recycling industry."

With its strong financial performance and strategic initiatives, Gravita India is well-positioned to capitalize on the growing demand for recycled products globally. The company's diversified product portfolio and focus on sustainability are expected to drive continued growth in the coming quarters.

Historical Stock Returns for Gravita

1 Day5 Days1 Month6 Months1 Year5 Years
-1.29%+3.34%-0.38%-9.28%+14.23%+3,977.26%
like18
dislike
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