Announced Mon, 27 Jul · 15:58 IST
Q1 FY27 results up on consol basis; subsidiary Gravita Metal Inc to close
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GRAVITA · price
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₹1789.50
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₹1788.80
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AI summary
Gravita India reported Q1 FY27 consolidated revenue of Rs 1,475 crore, up 26% YoY, with PAT at Rs 106 crore, up 16% YoY. Consolidated EPS at Rs 14.60 versus Rs 12.62. Standalone revenue dipped to Rs 860 crore from Rs 915 crore. Copper segment surged to Rs 376 crore from Rs 52 crore. Board approved closure of subsidiary Gravita Metal Inc effective Aug 1, 2026, which contributed only 2.65 percent of turnover and 0.55 percent of PAT. Company says no material impact.
Likely market impact
Strong consolidated growth led by copper segment offsets weak standalone. Subsidiary closure is immaterial to overall financials.