Gravita India management has provided updates on the company's expansion timeline during a recent conference call, addressing concerns about delays in their growth plans. The company remains committed to achieving its medium-term capacity targets despite current setbacks.

Management Response to Expansion Delays

During the conference call, company management acknowledged that there have been delays in their expansion plans. However, they expressed confidence that these delays will be addressed and covered up in the upcoming quarters. The management's proactive approach indicates their commitment to maintaining the company's growth trajectory.

Medium-Term Capacity Targets

The company has reaffirmed its medium-term guidance despite the current challenges. The key target remains unchanged:

Strategic Outlook

Gravita India's management appears focused on implementing corrective measures to ensure they meet their ambitious capacity expansion goals. The company's commitment to scaling up to 7 million tonnes per annum by FY28 demonstrates their long-term vision for growth in their operational capacity.

The management's transparent communication about current delays while maintaining confidence in their ability to recover suggests a realistic approach to addressing operational challenges. The upcoming quarters will be crucial for the company to demonstrate progress in catching up with their expansion timeline.

Gravita India Limited has announced strong financial results for the quarter ended December 31, 2025, demonstrating robust operational performance and sustained growth momentum. The recycling company, which operates across 70+ countries with 13 state-of-the-art manufacturing facilities, continues to strengthen its position as a leading player in the global recycling space.

Strong Q3 FY26 Performance

The company delivered impressive year-on-year growth across key financial metrics for Q3 FY26. The consolidated results show significant improvement in profitability and operational efficiency.

The company's profit after tax (PAT) showed the strongest growth at 25%, reaching ₹98 crore compared to ₹78 crore in the corresponding quarter of the previous year. EBITDA growth of 13% to ₹116 crore indicates improved operational efficiency and margin expansion.

Consolidated Financial Results

For the quarter ended December 31, 2025, Gravita India reported consolidated total income from operations of ₹1,028.76 crore. The net profit before tax stood at ₹115.09 crore, while net profit after tax reached ₹97.49 crore. Total comprehensive income for the period was ₹118.21 crore.

Nine-Month Performance

The nine-month period ended December 31, 2025, showcased consistent growth trajectory with consolidated revenue of ₹3,160.58 crore compared to ₹2,907.79 crore in the corresponding period of the previous year. Net profit after tax for the nine-month period reached ₹286.52 crore, up from ₹217.98 crore in the previous year.

Standalone Results

On a standalone basis, the company reported net sales turnover of ₹863.79 crore for Q3 FY26. Profit before tax stood at ₹90.29 crore, while profit after tax was ₹72.18 crore. For the nine-month period, standalone turnover reached ₹2,566.77 crore with profit after tax of ₹227.35 crore.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on January 21, 2026. The company has maintained transparency by publishing detailed financial results on stock exchange websites and its corporate website. The results comply with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015.

Company Overview

Gravita India operates as a multinational recycling company with a global footprint spanning over 70 countries across six continents. With 33 years of experience and operations across five business verticals, the company has established itself as a significant player in the recycling industry. The company's vision is "to be the most valuable company in the recycling space globally," reflecting its commitment to sustainable value creation for the green economy and all stakeholders.