Gravita India Profit Dips 3% As Revenue Jumps, Plans Gujarat Copper Plant

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AuthorRiya Kapoor|Published at:
Gravita India Profit Dips 3% As Revenue Jumps, Plans Gujarat Copper Plant
Overview

Gravita India reported a 3.4% year-on-year decline in net profit for the fourth quarter, reaching ₹92 crore. This contrasts with strong double-digit growth in revenue, up 13.1% to ₹1,173 crore, and a 22% jump in EBITDA to ₹113 crore. The company also revealed plans for a ₹160 crore copper recycling plant in Gujarat and the acquisition of Rashtriya Metal Industries Limited.

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Financial Performance

Gravita India's net profit for the fourth quarter declined 3.4% year-on-year to ₹92 crore. However, this dip was offset by strong financial performance in other areas.

Revenue surged 13.1% year-on-year to ₹1,173 crore, indicating strong market demand for its products.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also posted significant growth, climbing 22% to ₹113 crore from ₹92 crore a year ago. This operational efficiency boosted the EBITDA margin to 9.6%, an improvement from 8.9% in the prior year period.

The company also announced the closure of its subsidiary, Recycling Infotech LLP.

Strategic Expansion and Acquisition

Gravita India is also pursuing aggressive growth strategies.

The company plans to build a new copper recycling plant in Mandvi, Gujarat, with an investment of ₹160 crore.

The company also finalized its acquisition of 98.95% of Rashtriya Metal Industries Limited (RMIL) for ₹559.08 crore.

RMIL, which manufactures copper and copper alloy products at its integrated facility in Sarigam, Gujarat, is now a subsidiary of Gravita India. The acquisition is effective March 12, 2026.

This acquisition enhances Gravita's product portfolio and manufacturing capabilities.

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