Gravita India Ltd

Gravita India Ltd share price inched up 2.41% to Rs 1341.1. The Company's net profit slipped by 4.08% to Rs 102.03 crore, while revenue from operations slipped slightly by 3.23% to Rs 1427.35 crore in Q3FY26 over Q2FY26. The market capitalization of Industrial Minerals industry group stocks on BSE stood at Rs 2.35 lakh crore, tanking 15.97%. It has eased by 1.51% over last one week and collapsed sharply by 16.47% in last one month while the market capitalization of Gravita India Ltd has eased by 3.55% and 15.05% in the same period respectively. Profit before tax (PBT) of Gravita India Ltd stood at Rs 124.21 crore in Q3 FY26, advancing by 11.62% year-on-year, and declining 5.39% quarter-on-quarter. EBITDA came in at Rs 116 crore, surging by 53.23% YoY and expanding by 86.55% sequentially. Total expenses marginally dropped 5.26% to Rs 1307.26 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1259.25 crore, inching up 9.12% YoY, while employee benefits expense was at Rs 53.7 crore, tumbling by 12.02% YoY. For the TTM ended FY26, revenue from operations advanced 10.25% to Rs 4265.27 crore, while net profit saw a strong growth of 20.91% to Rs 378.33 crore, compared to previous TTM. EBITDA soared by 22098% to Rs 358.0 crore, and PBT witnessed a strong rise of 23.33% to Rs 448.25 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 169.29 crore in FY26, as against Rs 282.18 crore in FY25. Gravita India Ltd crashed 20.26% in last one year, underperforming the benchmark BSE Sensex which has slipped by 13.19% during the same period.

Gravita India Ltd share price slipped 2.53% to Rs 1309.5 after the company's net profit eased 4.08% to Rs 102.03 crore, while revenue from operations softened by 3.23% to Rs 1427.35 crore in Q3FY26 over Q2FY26. The market capitalization of Industrial Minerals industry group stocks on BSE stood at Rs 2.38 lakh crore, crashing by 15.97%. It has eased by 2.80% over last one week and crashed 17.59% in last one month while the market capitalization of Gravita India Ltd has softened by 7.27% and 16.92% in the same period respectively. Profit before tax (PBT) of Gravita India Ltd stood at Rs 124.21 crore in Q3 FY26, rising by 11.62% year-on-year, and declining 5.39% quarter-on-quarter. EBITDA came in at Rs 116 crore, jumping 53.23% YoY and expanding by 86.55% sequentially. Total expenses marginally dropped 5.26% to Rs 1307.26 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1259.25 crore, posting a minor increase of 9.12% YoY, while employee benefits expense was at Rs 53.7 crore, tanking by 12.02% YoY. For the TTM ended FY26, revenue from operations rose 10.25% to Rs 4265.27 crore, while net profit soared by 20.91% to Rs 378.33 crore, compared to previous TTM. EBITDA surged by 22098% to Rs 358.0 crore, and PBT surged 23.33% to Rs 448.25 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 169.29 crore in FY26, as against Rs 282.18 crore in FY25. Gravita India Ltd tumbled by 22.14% in last one year, underperforming the benchmark BSE Sensex which has declined by 13.18% during the same period.

Gravita India Limited informed the BSE Limited and the National Stock Exchange of India Ltd that its board of directors has set Tuesday, November 3, 2026, as the record date to determine the eligibility of shareholders for an interim dividend for the financial year 2026-27, in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gravita India Limited has incorporated Gravita Recyclers USA Inc. as a wholly owned subsidiary in the United States of America, according to a regulatory filing on October 26, 2026. The initial capital for Gravita Recyclers USA Inc. is USD 50,000, and Gravita India Limited now holds 100% shareholding in the newly incorporated entity, which will engage in the trading of scrap and scrap materials.

Gravita India Limited will hold a board meeting on Tuesday, October 27, 2026, to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026, and to consider declaring an interim dividend for the financial year 2026-27. The company closed its trading window for insider trading on October 1, 2026, and it will reopen 48 hours after the declaration of the financial results.

Gravita India Limited announced it will invest approximately Rs 94.42 crore to subscribe to a rights issue of its material subsidiary, Rashtriya Metal Industries Limited (“RMIL”), which is engaged in the manufacturing of copper & copper alloy products. The investment will fund general corporate purposes for RMIL, incorporated in 1946, which had a net worth of Rs 330 crore, total assets of Rs 579 crore, and turnover of Rs 1,041 crore as of March 31, 2026. Gravita India Limited’s shareholding in RMIL will increase from 99.5880% to 99.5881% post the rights issue, and the transaction is considered an arm’s length related party transaction.

Gravita India Limited submitted a certificate to the BSE Ltd. and National Stock Exchange of India Ltd. on October 14, 2026, regarding the details of securities dematerialized/rematerialized for the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, with Kfin Technologies Limited acting as the Registrar to an Issue and Share Transfer Agent.

Gravita India Limited announced the incorporation of Green Maputo Recyclers, LDA, in Mozambique on October 2, 2026, as a step-down wholly owned subsidiary through Gravita Netherlands B.V. and Gravita Global Pte. Ltd., with Gravita Netherlands B.V. holding 99% shareholding and Gravita Global Pte. Ltd. holding 1% shareholding, and the acquisition involved a cash consideration of USD 200,000, according to a regulatory filing.

Gravita India Limited announced that its board of directors approved the incorporation of a wholly owned subsidiary, Gravita Recyclers USA Inc., in the United States of America, with an initial capital of USD 50,000. The new company will be engaged in the trading of scrap and scrap materials, and Gravita India Limited will hold 100% shareholding in the entity.

Gravita India Limited informed the BSE Limited and the National Stock Exchange of India Ltd. that its material subsidiary, Rashtriya Metal Industries Limited, has approved a rights issue to raise approximately Rs 94.81 crore through the issuance of equity shares, intended to support RMIL’s strategic initiatives.