Gravita India Limited has informed the Exchange about General Updates
GRAVITA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gravita India Limited reported strong FY2026 results with standalone revenue of Rs. 3,558.76 crore (up 9% YoY) and profit after tax of Rs. 297.02 crore (up 53% YoY). Consolidated revenue stood at Rs. 4,342.20 crore with PAT of Rs. 378.33 crore (up 29% YoY). The Board approved setting up a new Copper Recycling Plant at Mandvi, Gujarat with capex of Rs. 160 crore to diversify business and monetize land assets. The company also announced closure of its subsidiary Recycling Infotech LLP (which had NIL turnover) and appointed Deloitte as internal auditor replacing PwC. Additionally, Gravita acquired 98.95% stake in Rashtriya Metal Industries Limited for Rs. 559.08 crore in March 2026.
Strong financial performance with robust profit growth signals healthy operations. The Rs. 160 crore copper recycling plant investment indicates expansion into related business segments which could boost future revenues. Closure of the non-operational subsidiary and auditor change are routine governance matters with minimal impact.