Gravita India Q1 FY27 Earnings Call Transcript Released
Gravita India reported Q1 FY27 revenue of ₹1,475 crore (up 42% YoY) and EBITDA of ₹145 crore (up 29% YoY). PAT stood at ₹106.39 crore (up 14% YoY). The company achieved LME Brand Listing for its lead metal. A new lead recycling capacity of 40,500 MTPA was commissioned at Phagi, Jaipur, for ₹30 crore. Capex of ₹1,680 crore planned through FY29.
The announcement includes significant financial growth, a major global accreditation (LME brand listing), capacity expansions, strategic consolidations, and a credit rating upgrade, all of which are material positive developments for investors.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT. Key achievements include LME brand listing and capacity expansion, alongside a credit rating upgrade. While acknowledging supply chain challenges, the management expressed confidence in future growth and profitability.
Gravita India Limited has released the transcript of its earnings conference call for the quarter ended June 30, 2026, which was held on July 28, 2026. The call featured insights from Whole-Time Director and CEO Mr. Yogesh Malhotra, Whole-Time Director and CFO Mr. Sunil Kansal, and other management team members.
During the call, the management highlighted robust financial performance for Q1 FY27, with a 42% year-on-year growth in revenue to ₹1,475 crores and a 29% increase in EBITDA to ₹145 crores. Profit After Tax (PAT) grew by 14% year-on-year to ₹106.39 crores. Volume growth was 4% year-on-year. The company achieved a significant milestone with its lead metal produced at the Mundra division receiving London Metal Exchange (LME) Brand Listing under the brand name GRAVITA M.
Strategic developments included the commissioning of an additional 40,500 metric tons per annum of lead recycling capacity at the Phagi, Jaipur facility, involving an investment of approximately ₹30 crores funded through internal accruals. The company is also consolidating operations of its Kathua manufacturing unit with the Jaipur facility for better efficiency. The integration of Rashtriya Metal Industries Limited is progressing well, and the development of a 29,400 metric tons per annum copper recycling facility at Gujarat, with an estimated investment of ₹160 crores, is on track for commissioning within the next 12 months.
The company has earmarked a total capex of ₹1,680 crores through FY29, allocated towards strengthening existing businesses and entering new recycling verticals like lithium-ion batteries, copper, and steel. ICRA upgraded Gravita's long-term credit rating from AA- to AA.
Discussions also addressed challenges such as supply chain disruptions impacting lead volumes due to geopolitical uncertainties, with management focusing on improving profit margins. The copper segment is expected to ramp up its operations, with EBITDA per ton anticipated to remain around ₹55,000, potentially increasing to ₹65,000-₹70,000 per ton in 2-2.5 years. Net debt is approximately ₹150 crores, with a working capital cycle of around 95 days. The company is also expanding its procurement network in developed economies like the U.S. to mitigate future sourcing disruptions.
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Gravita India Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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