Gravita India Q2 Results: Revenue Hits Rs 1,445.35 Crore

Net profit rises to Rs 102.01 crore; Board announces Rs 7.70 per share interim dividend.

Reader Takeaway: Strong revenue growth and dividend payout support value, while ongoing customs litigation remains a key watch point.

What just happened

Gravita India released its financial results for the quarter ended September 30, 2026, showing a consolidated revenue of Rs 1,445.35 crore, a significant increase from Rs 1,061.82 crore in Q2 FY26. The net profit attributable to shareholders reached Rs 102.01 crore. Additionally, the company declared an interim dividend of Rs 7.70 per equity share for the current financial year. The record date for this payout is set for November 3, 2026, with payment scheduled by November 25, 2026.

Why this matters

The steady profit growth reflects operational scale, particularly with the inclusion of Rashtriya Metal Industries Limited, which the company acquired in early 2026. The dividend announcement signals management’s confidence in liquidity and cash flow. Furthermore, the company has ceased operations at its subsidiary, Gravita Metal Inc. (GMI), transitioning all relevant business to existing plants to optimize operational efficiency.

Risks to watch

Investors should closely track a pending litigation case involving the Office of the Commissioner of Customs (Preventive), Jodhpur. The customs department has issued a demand order of Rs 70.10 crore regarding 'pre-import conditions' from the 2017-2019 period. While the company maintains it has strong legal grounds to contest the order, this remains a potential contingent liability.

What to track next

Management's ability to integrate the acquired Rashtriya Metal Industries business and the final outcome of the Jodhpur customs dispute are the most critical factors for the stock's long-term risk profile. Monitoring the operational shift from GMI to other plants will also provide insight into the company's margin management in the coming quarters.