Share price of Gravita India Ltd. jumped as high as 10% on Monday after its fourth quarter revenue and profit rose.
The company's revenue rose 20.2% to Rs 1,037 crore during the January-March quarter, as compared to Rs 863 crore in the same quarter last year. Net profit was up 38% at Rs 95 crore versus Rs 69 crore last year.
Earnings before interest, taxes, depreciation and amortisation also saw a 27.8% increase to Rs 92 crore versus Rs 72 crore last year and margin expanded to 8.9% from last year's 8.4%.
Gravita India declared an interim dividend of Rs 6.35 per equity share for the financial year 2025. The board has fixed May 8 as the record date for the purpose of ascertaining the eligibility of shareholders and the payment will be done on or before May 31.
The company's net profit had risen 30% to Rs 77.9 crore in the quarter ended Dec. 30, 2024 and their revenue in the same quarter was up 32% to Rs 996 crore, compared to the same quarter in the previous year as per their Q3 earnings results.
Also Read: Q4 Results: Sunteck Realty Earnings Down; RR Kabel Beats Estimates; Gravita India Profit Jumps
Gravita India Share Price
Source: NDTV money
Source: NDTV money
Shares of Gravita India rose as much as 10.18% to Rs 1,996 apiece, the highest level since April 23, 2025. It pared gains to trade 7.55% higher at Rs 1,947.40 apiece, as of 10:30 a.m. This compares to a 0.55% advance in the NSE Nifty 50.
The stock has fallen 10.91% year-to-date, and is up 105.41% in the last 12 months. Total traded volume so far in the day stood at 0.45 times its 30-day average. The relative strength index was at 75.15.
All six analysts tracking the company maintain a 'buy' ratings, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 30.9%.
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