Outcome of the Board Meeting held on 07th May, 2026.
GRAVITA · price
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Gravita India Ltd's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone total income stood at Rs. 3,558.76 crore with PAT of Rs. 267.02 crore, up 38% YoY; EPS was Rs. 40.26. Consolidated total income was Rs. 4,342.20 crore with PAT of Rs. 378.33 crore. The Board approved setting up a copper recycling plant at Mandvi, Gujarat with Rs. 160 crore capex, marking strategic diversification leveraging land assets. The company also acquired 98.95% stake in Rashtriya Metal Industries Limited for Rs. 559.08 crore in March 2026, making it a subsidiary. Additionally, the Board approved voluntary closure of subsidiary Recycling Infotech LLP (nil turnover contribution) and appointed Deloitte as new internal auditor replacing PwC upon tenure completion.
Strong financial performance with 38% PAT growth and new copper recycling plant signals business diversification into high-growth metal recycling segment. The Rs. 160 crore capex and RMIL acquisition strengthen vertical integration in copper business. Closure of non-performing subsidiary and auditor change indicate governance improvements.