Whalesbook
Financial Performance
The modest dip in Gravita India's fourth-quarter net profit to ₹92 crore, down 3.4% from the previous year, was overshadowed by robust financial performance elsewhere. 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
Beyond financial results, Gravita India is aggressively pursuing growth. It plans to establish a new copper recycling plant in Mandvi, Gujarat, with an estimated capital expenditure of ₹160 crore. This move is positioned to diversify business operations and maximize asset utilization. Concurrently, the company finalized its acquisition of a 98.95% equity stake in Rashtriya Metal Industries Limited (RMIL) for ₹559.08 crore. RMIL, a manufacturer of copper and copper alloy products with an integrated facility in Sarigam, Gujarat, now operates as a subsidiary of Gravita India, effective March 12, 2026. This acquisition enhances Gravita's product portfolio and manufacturing capabilities.