Announced Mon, 27 Jul · 16:04 IST
Gravita to shut subsidiary Gravita Metal Inc; Q1 profit up 14 percent
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GRAVITA · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹1789.50
prior close
₹1788.80
base price
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timing
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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.