Gravita India Ltd. (NSE: GRAVITA), a prominent name in the recycling industry, has announced its unaudited financial results for the quarter ending 30th June 2024. The company released this information via newspaper advertisements in several leading publications, including Financial Express, Business Standard, Nafa Nuksan, Business Remedies, and Economic Times.
Key Highlights
1. Financial Performance Overview
Gravita India Ltd. has reported a robust performance for the quarter, showcasing significant growth across various financial parameters.
- Total Income from Operations: ₹914.73 crore, reflecting a 29% increase from ₹703 crore in Q1 FY24.
- EBITDA: ₹91 crore, up by 33% from ₹69 crore in Q1 FY24.
- PAT (Profit After Tax): ₹67 crore, marking a 29% rise from ₹52 crore in Q1 FY24.
2. Comparative Analysis
- Quarter Ended 31st March 2024:
- Total Income: ₹888.30 crore
- PAT: ₹65.15 crore
- Year Ended 31st March 2024:
- Total Income: ₹3,238.56 crore
- PAT: ₹230.85 crore
3. Earnings Per Share (EPS)
- Basic EPS: ₹9.82
- Diluted EPS: ₹9.82
Detailed Financial Results
The results were prepared and reviewed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed financial results can be accessed on the company’s official website as well as the stock exchanges’ websites.
4. Financial Metrics (Standalone)
- Turnover (Net Sales): ₹823.59 crore
- Profit Before Tax: ₹61.16 crore
- Profit After Tax: ₹50.19 crore
Company Statement
Mr. Yogesh Malhotra, Whole-time Director and CEO, stated, “At Gravita, we understand that responsible recycling not only creates sustainable value for the green economy but also for all our stakeholders. We have maintained a growth trajectory and are confident to keep progressing on our vision to be the most valuable company in the recycling space globally.”
About Gravita India Ltd.
Gravita India Ltd., with a global footprint spread across 70+ countries on six continents, has established itself as a leading recycling solutions provider. With over three decades of experience, the company operates in five business verticals and provides turnkey solutions and consultancy for the recycling industry.
On a Final Note, Gravita India Ltd. continues to demonstrate strong financial health and growth potential, reinforcing its position as a leader in the recycling industry. The company’s commitment to sustainability and innovation remains a cornerstone of its operational strategy, ensuring long-term value creation for all stakeholders.
