Gravita India Ltd. reported a stellar FY2026 performance, with consolidated revenue reaching ₹4,265.27 crore and profit after tax climbing to ₹378.33 crore. The company has announced the establishment of a new ₹160 crore copper recycling plant in Gujarat, further diversifying its business portfolio. Additionally, the Board has approved the closure of Recycling Infotech LLP to streamline operations and appointed Deloitte Touche Tohmatsu India LLP as the new internal auditor for the upcoming financial year.
Robust Financial Performance
For the financial year ended March 31, 2026, Gravita India achieved significant growth. The company’s consolidated revenue from operations rose to ₹4,265.27 crore, up from ₹3,868.77 crore in the previous year. Profit after tax for the same period stood at ₹378.33 crore, demonstrating a healthy increase over the ₹312.90 crore reported in FY2025. Standalone results also remained strong, with annual revenue of ₹3,481.37 crore and a profit of ₹297.02 crore.
Strategic Growth Initiatives
To drive future value, the company will establish a Copper Recycling Plant in Mandvi, Gujarat. This project involves a capital expenditure of approximately ₹160 crore. The facility is expected to provide strategic business diversification, enable the monetization of existing land assets, and significantly contribute to long-term shareholder value creation.
Corporate Developments
As part of its organizational streamlining efforts, the Board of Directors has decided to close its subsidiary, Recycling Infotech LLP. The company also announced a change in its internal audit leadership, appointing Deloitte Touche Tohmatsu India LLP as the new internal auditor for FY2026-27, succeeding PricewaterhouseCoopers Services LLP (PwC) upon the completion of their tenure.
Segment and Acquisition Updates
The company continues to bolster its market position, recently acquiring a 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for ₹559.08 crore. RMIL, which operates an integrated manufacturing facility in Sarigam, Gujarat, will strengthen Gravita’s presence in the copper and copper alloy manufacturing sector. The segment-wise performance highlights Lead as the primary revenue driver, contributing ₹3,771.10 crore to the consolidated total.
Source: BSE
