Gravita India revenue jumps 37.8% to 1,427 crore rupees in second quarter
Key Facts
Gravita India reported revenue of 1,427 crore rupees for the quarter ended September 30, 2026, up 37.8% from 1,036 crore in the year-earlier period, according to NDTV Profit’s coverage of its second-quarter fiscal 2026-27 results. Net profit rose 6.3% to 102 crore rupees, compared with 96 crore a year earlier. EBITDA climbed 31.3% to 134 crore rupees from 102 crore. Revenue and operating profit therefore grew faster than net profit during the period. The company announced the results on October 27, alongside approval of an interim dividend for shareholders.
EBITDA growth was accompanied by a decline in its margin to 9.4% from 9.9% in the second quarter of the previous fiscal year, according to NDTV Profit. The figures show revenue rose 37.8%, while EBITDA increased 31.3% and net profit 6.3%. The published information does not include an explanation from the company for the gap between these rates, so the slower net-profit growth cannot be attributed to any particular factor. A reliable market estimate for comparison with the actual results was also unavailable. The year-over-year comparison, including the corresponding-period figures, remains the basis for assessing the reported quarterly performance.
For the first half of fiscal 2026-27, the company posted revenue of 2,902 crore rupees, EBITDA of 288 crore and net profit of 208 crore, according to Business Upturn. These figures place the quarter’s results within the six-month total, but do not provide a half-year comparison with the previous period. The reported performance indicators covered revenue, operating profit and net profit, with no further detail in the available source on the drivers of each item. Gravita India operates in recycling, with activities spanning lead, other metals and lithium-ion batteries. Its announced expansions provide context on efforts to develop production capacity and broaden its operations.
At its Mundra facility, Gravita increased lead recycling capacity by 80,300 metric tons a year, bringing it to 145,100 tons annually, according to an investor presentation for fiscal 2026. The company also commissioned a pilot lithium-ion battery recycling facility in January 2026 with capacity of 6,000 metric tons a year, at an investment of 14 crore rupees. These are figures for announced capacity and facilities, and the sources do not directly link them to revenue growth in the quarter ended in September. In copper, the segment recorded revenue of 51.78 crore rupees in fiscal 2025-26, after reporting no revenue in the previous year, according to the company’s annual report. This reflects copper’s entry into its revenue base ahead of further plans to expand recycling.
The company plans a copper recycling facility in Mandvi, Gujarat, with initial capacity of 29,400 metric tons a year and capital investment of about 160 crore rupees. Management said on the fiscal 2026 results call, held on May 8, that it expected commercial operations to begin within the following 12 months. The company also announced total capital expenditure of 1,700 crore rupees through fiscal 2028-29, including 815 crore to strengthen and expand existing businesses. In March 2026, Gravita acquired a 98.95% stake in Rashtriya Metal Industries, which manufactures copper and alloy products, for 559.08 crore rupees. The facility and acquisition are part of its copper expansion, while the available information does not specify their impact on current-quarter results.
Alongside the results, the company approved an interim dividend of 7.7 rupees per share and set November 3, 2026, as the record date for eligible shareholders. The company said the dividend would be paid by November 25, according to NDTV Profit. The announced schedule gives shareholders a set date for dividend eligibility and a payment deadline. The decision comes alongside first-half results that included revenue of 2,902 crore rupees and net profit of 208 crore. The next operational step identified by management in the available sources is the expected start of commercial operations at the copper facility within 12 months of the May call.