Gravita India Ltd has reported robust financial growth for the financial year ended March 31, 2026. The company achieved a standalone net profit of ₹297.02 crore and a consolidated net profit of ₹378.33 crore. Alongside strong results, the company announced a significant ₹160 crore investment to set up a new Copper Recycling Plant in Mandvi, Gujarat, and confirmed the appointment of Deloitte Touche Tohmatsu India LLP as its new internal auditor.
Financial Highlights
For the financial year ended March 31, 2026, Gravita India reported impressive growth. On a consolidated basis, the company achieved total income of ₹4,342.20 crore, with a net profit of ₹378.33 crore. Standalone results were equally strong, recording a total income of ₹3,658.76 crore and a net profit of ₹297.02 crore. These figures reflect a significant increase over the previous fiscal year, demonstrating sustained operational momentum.
Strategic Expansion and Operational Changes
Gravita is set to diversify its operations with a major investment of ₹160 crore to establish a new Copper Recycling Plant in Mandvi, Gujarat. This facility is expected to enhance long-term shareholder value by leveraging existing land assets and deepening the company’s footprint in the copper recycling segment.
Additionally, the Board has approved the closure of its subsidiary, Recycling Infotech LLP, as part of a streamlining process. Furthermore, the company has appointed Deloitte Touche Tohmatsu India LLP as the new internal auditor for the 2026-27 financial year, replacing PricewaterhouseCoopers Services LLP, who completed their tenure.
Recent Acquisitions
The company further strengthened its market position during the year by acquiring a 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for ₹559.08 crore. The acquisition, finalized on March 12, 2026, integrates a key manufacturing facility in Sarigam, Gujarat, into Gravita’s expanding portfolio of copper and copper alloy products.
Source: BSE
