GRAVITANSEGravita India Limited· MiningMediumNeutral
Announced Mon, 3 Nov · 15:40 IST

Gravita India Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

GRAVITA · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Gravita India reported Q2 FY26 revenue of INR 1,035.5 crores (up 12% YoY) and H1 FY26 revenue of INR 2,754.4 crores (up 13% YoY). Adjusted EBITDA grew 10% YoY in Q2 to INR 111.8 crores (margin 10.80%) and 16% YoY in H1 to INR 223.5 crores (margin 10.77%). Profit after tax jumped 33% YoY in Q2 to INR 95.9 crores and 36% YoY in H1 to INR 189.3 crores. Volumes rose 4% YoY, with Q2 lead EBITDA per ton at INR 23,196, aluminium at INR 14,786, and plastics at INR 10,122. Management upgraded sustainable lead per-ton guidance to INR 19–20 (from INR 18–19). Capacity is targeted to more than double to over 7 lakh MTPA by FY28, with capex of around INR 1,225 crores, of which INR 205 crores is earmarked for FY26.

Likely market impact

Strong profit growth and net debt-free balance sheet support the stock, but single-digit volume growth in H1 (impacted by GST-related inventory adjustments) and dependency on aluminium MCX hedging for non-lead expansion remain key watchpoints. Capacity ramp-up at Mundra and Phagi from Q3 FY26 onwards is critical to delivering the 25% volume CAGR target under Vision 2029.