Gravita India Q3 Results: Profit Jumps 30%, Revenue Soars 32%
The margin narrowed to 8.1% for the quarter ended Dec. 30, 2024, as compared to 10.6% for the same period in the last financial year.
Gravita India Ltd.'s net profit rose 30% to Rs 77.9 crore in the quarter ended Dec. 30, 2024, of the current financial year as compared to Rs 60.3 crore for the same period last fiscal.
Revenue soared 32% to Rs 996 crore in the October–December quarter from Rs 757 crore in the year-ago period.
The recycling firm's earnings before interest, tax, depreciation and amortisation rose to Rs 80.7 crore, a 0.8% rise for the quarter under review as compared to Rs 80.3 crore for the same quarter in the previous fiscal 2024.
The margin narrowed to 8.1% for the quarter ended Dec. 30, 2024, as compared to 10.6% for the same period in the last financial year.
Gravita India Q3 FY25 Highlights (Consolidated, YoY)
Net profit up 30% to Rs 77.9 crore versus Rs 60.3 crore.
Revenue up 32% to Rs 996 crore versus Rs 757 crore.
Ebitda up 0.48% to Rs 80.7 crore versus Rs 80.3 crore.
Margin at 8.1% versus 10.6%.
Gravita's board of directors approved the re appointment of Yogesh Malhotra as the whole-time director-cum chief executive officer of the company.
It also considered the appointment of Shikha Sharma as a non-executive independent director that is require the approval from the shareholders.
Shares of Gravita India closed 0.83% lower at Rs 2,169.40 apiece on the NSE, compared to a 0.57% rise in the benchmark Nifty 50. The share price has risen 124.25% in the last 12 months.
All the six analysts tracking the company maintain a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 38.6%.
