Gravita India has released its Q2 FY27 earnings conference call transcript, detailing a 40% growth in revenue for H1 FY27, alongside 29% EBITDA growth and 10% PAT growth. The company highlighted strategic initiatives including expanded copper recycling capacity and a new US subsidiary for scrap procurement, aiming to strengthen its global sourcing network and diversify operations.
Gravita India’s Q2 FY27 Earnings Call Highlights
Gravita India Limited has shared the transcript of its Q2 FY27 earnings conference call, held on October 28, 2026. The call provided an overview of the company’s performance for the quarter and half-year ended September 30, 2026.
Strong Financial Performance in H1 FY27
During the first half of FY27 (H1 FY27), Gravita India reported robust financial results. Revenue grew by an impressive 40%, while EBITDA increased by 29% and Profit After Tax (PAT) saw a growth of 10%. This performance was attributed to an improved product mix, enhanced operational efficiencies, and contributions from its diversified recycling businesses.
Strategic Growth Initiatives
The company is actively pursuing strategic expansion across its core businesses. Key initiatives include strengthening its leadership in recycling, expanding into high-growth verticals, and increasing the contribution of value-added products towards its Vision 2030.
Significant developments include:
- Expansion of copper recycling capacity at Mundra with an investment of approximately INR64 crores, expected to be commissioned in phases by March 2029.
- Progress on the 29,400 metric ton per annum copper recycling facility at Mandvi, Gujarat, with an investment of approximately INR160 crores, on track for commissioning within 12 months.
- An additional investment of approximately INR94.42 crores in the rights issue of Rashtriya Metal Industries Limited (RMIL).
- Optimism in the lithium-ion battery recycling space, with scaling up for higher value recovery.
- A total capital expenditure of INR1,680 crores planned through FY29, with INR815 crores allocated towards strengthening existing businesses and new recycling verticals.
- The incorporation of a wholly owned subsidiary in the United States, Gravita Recyclers USA, Inc., with an initial capital of US$50,000, to establish a scrap procurement network.
Operational Highlights
Overall operating performance in Q2 and H1 FY27 benefited from an expanded manufacturing base and improved efficiencies. Total volumes increased by 3% year-on-year to 52,199 metric tons per annum in Q2 FY27. Value-added products contributed 64% of total sales in H1 FY27. The company also noted the 57th GST Council’s recommendation to bring electrical and electronic waste scrap under the reverse charge mechanism, which is expected to boost domestic procurement.
Consolidated revenue for Q2 FY27 grew by 38% year-on-year to INR1,427 crores. Adjusted EBITDA increased by 28% year-on-year to INR143.37 crores, with a healthy EBITDA margin exceeding 10%. Consolidated PAT grew by 6% year-on-year to INR102 crores, maintaining a PAT margin over 7%.
Future Outlook
Gravita India remains confident in its ability to achieve Vision 2030 by strengthening its core recycling businesses, expanding into high-growth verticals, and building a resilient international sourcing network. The company anticipates further growth driven by its strategic capacity additions, integration across the copper value chain, and development of lithium-ion battery recycling capabilities.
Source: BSE
