Gravita to shut subsidiary Gravita Metal Inc; Q1 profit up 14 percent

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GRAVITA · price

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Price reactionminutes from the announcement price · days from the prior close

-8.6%Reaction day

₹1789.50

prior close

₹1788.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.5%-8.2% vs market

Industrial Minerals peers, median of 12sector-1.1%-7.6% vs sector

On the reaction day the stock moved 8.2 pts less than Nifty Smallcap 250 and 7.6 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-2.1

15m

-2.7

30m

-4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.6-0.5-8.2-1.1-7.6

Next day

-9.9+0.9-10.8+1.9-11.8

-11.7+0.1-11.8-0.0-11.7

-9.8+0.5-10.3+0.6-10.3

-7.1+1.9-9.0+1.0-8.0

-7.1+2.1-9.1+1.2-8.2

-3.9+3.0-6.9+1.9-5.8

15d

+1.2+2.9-1.7-3.5+4.7

+2.3+3.8-1.5-1.1+3.4

-17.5+0.2-17.7-7.3-10.2

-25.1-4.7-20.4-18.7-6.4

UpDownMarket · Nifty Smallcap 250Sector · Industrial Minerals peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved closure of subsidiary Gravita Metal Inc from August 1, 2026, as the same business is being run more efficiently at the Jaipur plant. The unit contributed only 2.65 percent of turnover and 0.55 percent of profit, so impact is minimal. Q1 FY27 consolidated revenue rose to 1,475 cr from 1,031 cr, with PAT up to 106 cr from 93 cr year on year.

Likely market impact

Small subsidiary shutdown for cost efficiency; strong Q1 earnings growth shows business is healthy overall.