Gravita India Ltd
NSE:GRAVITA

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Gravita India Ltd
NSE:GRAVITA
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Price: 1 799 INR -0.19% Market Closed
Market Cap: 131B INR

Gravita India Ltd
Investor Relations

In the bustling Indian market landscape stands Gravita India Ltd., a compelling enterprise rooted in the circular economy, focusing primarily on lead recycling. Founded in 1992, Gravita has carved a niche as a significant player in the field of recycling, a critical industry at a time when sustainability is more important than ever. The company's business model is intricately designed around the collection and transformation of lead-acid batteries into pure lead and other allied products. An essential aspect of Gravita's operations is their globally integrated procurement system which sources raw materials from over 60 countries, efficiently feeding a network of recycling plants. These facilities operate at the cutting edge of technological capabilities, ensuring not only the environmental mandates are adhered to but also that the output matches stringent quality standards required by diverse industries ranging from automotive to telecommunications.

Gravita India Ltd. generates revenue predominantly through the sale of recycled lead and its alloys to a diverse client base. This diverse clientele includes battery manufacturers, chemical producers, and industrial product manufacturers, each relying on the consistent, high-quality supply Gravita provides. Beyond lead, the company has diversified into recycling aluminum and plastics, supporting its mission to maximize resource productivity. By harnessing these recycling processes, Gravita not only amplifies its financial resilience but also intensifies its environmental impact, mitigating the pressure on natural lead extraction and its attendant environmental costs. This dual focus on economic and ecological sustainability has positioned Gravita as not just a recycler, but a pivotal contributor to the responsible stewardship of the world's natural resources, navigating the challenges and developing opportunities within the ever-expanding green economy.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 31, 2025
AI Summary
Q2 2026

Revenue Growth: Gravita India reported consolidated Q2 revenue of INR 1,035.50 crores, up 12% year-on-year, and H1 FY '26 revenue of INR 2,754.4 crores, up 13% YoY.

Profitability: Q2 profit after tax grew 33% YoY to INR 95.9 crores, with a PAT margin of 9.27%. H1 PAT was INR 189.25 crores, up 36% YoY.

Margins: Q2 EBITDA margin was stable at 10.80%. Lead EBITDA per ton was INR 23,196, above the company's sustainable guidance of INR 19–20 per kg.

Capacity Expansion: Current installed capacity stands at 3.4 lakh MT; company targets over 7 lakh MT by FY '28. Major capacity additions at Mundra and Phagi are on track for completion by late 2025 and mid-2026.

CapEx Realignment: CapEx reduced to INR 1,225 crores by FY '28 (from INR 1,500 crores), enabled by brownfield expansions.

Diversification: New recycling initiatives in lithium-ion, rubber, steel, and paper are progressing, with rubber revenue expected from FY '27.

Raw Material Sourcing: Domestic procurement of battery scrap increased to 52% from 36% last year, driven by regulatory changes.

Aluminum Hedging: Aluminum hedging via MCX is still pending, but all regulatory approvals are in place.

Key Financials
Revenue
INR 2,754.4 crores
Revenue
INR 1,035.5 crores
Profit After Tax
INR 189.25 crores
Profit After Tax
INR 95.9 crores
EBITDA
INR 223.51 crores
EBITDA
INR 111.81 crores
EBITDA Margin
10.77%
EBITDA Margin
10.80%
PAT Margin
9.12%
PAT Margin
9.27%
Lead EBITDA per ton
INR 23,196
Aluminum EBITDA per ton
INR 14,786
Plastic EBITDA per ton
INR 10,122
Installed Capacity
3.40 lakh metric tons per annum
CapEx
INR 1,225 crores (budgeted by FY '28)
Domestic Battery Scrap Procurement (India plants)
52%
Overseas Revenue Contribution (Q2)
30%
Overseas PAT Contribution (Q2)
INR 10 crores
Other Earnings Calls

Management

Mr. Rajat Agrawal
Founder, MD & Executive Non-Independent Chairman
No Bio Available
Dr. Yogesh Malhotra
CEO & Whole Time Director
No Bio Available
Mr. Sunil Kansal
CFO & Whole Time Director
No Bio Available
Mr. Nitin Gupta
Compliance Officer & Company Secretary
No Bio Available

Contacts

Address
RAJASTHAN
Jaipur
402, Gravita Tower,, A 27 B, Shanti Path, Tilak Nagar,
Contacts