Categories AlphaGraphs, Earnings

Gravita India Ltd Q2FY24; 31% rise in Profits

Established in 1992, Gravita India Ltd is one of the largest lead producer in India. The company’s business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects.
The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.

Financial Results:

  • Gravita India Ltd reported Revenues for Q2FY24 of ₹836.00 Crores up from ₹683.00 Crore year on year, a rise of 22.4%.
  • Total Expenses for Q2FY24 of ₹784.00 Crores up from ₹640.00 Crores year on year, a rise of 22.5%.
  • Consolidated Net Profit of ₹59.00 Crores up 31.11% from ₹45.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹8.38, up 29.72% from ₹6.46 in the same quarter of the previous year.

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