Gravita India , a leading recycling company, has reported robust financial results for the second quarter of fiscal year 2026, while also announcing ambitious growth targets for the coming years. The company aims to achieve a compound annual growth rate (CAGR) of over 25% by FY27, with plans to reach ₹4,000 crore in revenue and ₹600 crore in EBITDA.

Q2 FY2026 Financial Highlights

For the quarter ended September 30, 2025, Gravita India reported:

• Consolidated revenue from operations of ₹1,035.50 crore, up 12% year-on-year
• EBITDA of ₹111.81 crore, with an EBITDA margin of 10.80%
• Net profit after tax of ₹95.97 crore, a significant increase of 33% compared to the same quarter last year
• Earnings per share (EPS) of ₹13.38, up from ₹10.66 in Q2 FY2025

Segment-wise Performance

The company's performance across its key business segments for Q2 FY2026 was as follows:

Growth Strategy and Targets

Gravita India has outlined an ambitious growth strategy, focusing on:

1. Capacity Expansion: The company plans to increase its battery recycling capacity to 410,000 tonnes per annum across lead, aluminum, and plastic verticals.

2. Global Footprint: Gravita aims to expand its presence in Africa and Asia, leveraging its existing international operations.

3. Margin Sustainability: Through backward integration, the company intends to maintain sustainable margins above 15%.

4. Financial Targets:

   • Revenue goal of ₹4,000 crore by FY27
   • EBITDA target of ₹600 crore
   • Targeting a CAGR of over 25% by FY27

5. Return on Capital: The company is focused on achieving high return on capital employed.

Management Commentary

Yogesh Malhotra, Whole Time Director & CEO, commented on the results: "Gravita has reported a steady performance in H1FY26, showcasing consistent strength across both operational and financial parameters in all major business verticals. We remain committed to achieving over 25% volume CAGR, 35%+ profitability growth, and 25%+ ROIC, while steadily increasing the share of value-added products beyond 50% and non-lead segments above 30%."

Future Outlook

Gravita India's growth strategy aligns with its VISION 2029, which includes:

• Diversification into new recycling verticals such as lithium, steel, rubber, and paper
• Increasing the share of value-added products to over 50%
• Expanding non-lead business to more than 30% of total revenue
• Focusing on sustainable practices, including a 10%+ reduction in energy consumption and 30%+ renewable power usage

The company's strong Q2 FY2026 results and ambitious growth targets reflect its confidence in the recycling sector's potential and its ability to capitalize on emerging opportunities in the circular economy.

Investors and stakeholders will be watching closely to see how Gravita India executes its expansion plans and navigates the challenges of rapid growth in the coming years.

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.