Detailed Coverage

Gravita India Q1 FY27 Results

Consolidated Revenue: ₹1,475.06 crore
Consolidated Profit: ₹106.39 crore

Reader Takeaway: Strong revenue growth offset by customs duty dispute liability.

What just happened

Gravita India announced its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of ₹1,475.06 crore and a consolidated profit of ₹106.39 crore.

On a standalone basis, revenue was ₹860.13 crore and profit stood at ₹68.05 crore.

Why this matters

These results provide a snapshot of the company's performance in the current quarter. The consolidated figures reflect the impact of recent acquisitions, while the standalone numbers show the core business performance. The ongoing customs duty dispute represents a significant contingent liability.

The backstory

Gravita India's management noted that the consolidated results are not directly comparable to previous periods due to the acquisition of Rashtriya Metal Industries Ltd (RMIL).

The company has been actively consolidating its position in RMIL, acquiring an additional 0.62% stake for ₹3.48 crore in this quarter, taking its total shareholding to 99.57%.

What changes now

Gravita India approved the closure of its subsidiary Gravita Metal Inc. effective August 1, 2026, to improve operational and cost efficiencies. An inactive step-down subsidiary, Recyclers South Africa (PTY) Ltd, was also closed. Management stated these closures will not materially impact financials.

Risks to watch

The primary risk is the ongoing customs duty dispute. The Commissioner of Customs (Preventive), Jodhpur, has issued a demand order of ₹70.10 crore, excluding interest, fines, and penalties, related to 'pre-import conditions' from 2017-2019.

Management is contesting this demand in appellate authorities and does not currently see a need for financial adjustments.

Peer comparison

(No direct peer comparison data available in the filing.)

Context metrics (time-bound)

Consolidated Revenue (Q1 FY27): ₹1,475.06 crore
Consolidated Profit (Q1 FY27): ₹106.39 crore
Standalone Revenue (Q1 FY27): ₹860.13 crore
Standalone Profit (Q1 FY27): ₹68.05 crore
Additional RMIL stake acquired: 0.62% for ₹3.48 crore
Customs Duty Dispute: ₹70.10 crore

What to track next

Investors should monitor the progress and outcome of the customs duty litigation. The company's ability to integrate RMIL effectively and achieve projected cost efficiencies from subsidiary closures will also be key factors.