Gravita India Reports Strong Q1 Performance with 39% PAT Growth
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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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
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.
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.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.29% | +3.34% | -0.38% | -9.28% | +14.23% | +3,977.26% |