Gravita India Q2 FY27 results (Jul–Sep 2026) and concall

Metals & Mining · Concall AI · Call held 28 Oct 2026

Company page: Gravita India share price, financials & guidance record

Gravita grew revenue 38% YoY to INR 1,427 crores in Q2 FY27, mostly because the newly consolidated copper business (RMIL) added INR 420 crores. Adjusted EBITDA rose 28% to INR 143.37 crores, but PAT grew only 6% to INR 102 crores. The core lead business struggled: volumes fell about 11% as West Asia disruptions cut scrap supply. Management says 'the worst is over', pointing to bookings from new geographies, the GST reverse charge mechanism for battery scrap, and a new US sourcing subsidiary. Capex stays on track at INR 1,680 crores through FY29, including new copper recycling capacity at Mundr

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What they filed

Q2 FY27: revenue down 7.6%, net profit down 46.0% against the same quarter last year.

₹ Cr · quarterly

Line item	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
Revenue	819	860	851	852	864 +5%	915 +6%	860 +1%	787 −8%
Expenses	773	786	779	762	789	838	786	723
EBITDA	46	74	71	90	75 +63%	76 +3%	74 +4%	64 −29%
Margin	6%	9%	8%	11%	9%	8%	9%	8%
Other income	5	22	20	19	22	16	21	8
Interest	7	1	1	3	2	3	5	7
Depreciation	4	4	4	4	5	5	6	6
Profit before tax	40	91	86	102	90 +125%	84 −8%	84 −2%	60 −41%
Tax rate	14%	19%	21%	15%	20%	17%	19%	21%
Net profit	34	74	68	87	72 +112%	70 −5%	68 +0%	47 −46%
EPS	4.63	9.96	9.21	11.82	9.78	9.44	9.22	6.41

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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