Result Analysis: Gravita India Limited

Financial Performance:

Shareholding Pattern:

Particulars (In %)	Q3FY25	Q3FY24
Promoters Group	59.27	66.48
FIIs	14.12	10.58
DIIs	5.41	0.43
Public and Other	21.18	22.51

Management Commentary:

• Strong Performance and Vision 2028: Gravita is on track to achieve its Vision 2028 goals, focusing on a 25%+ volume CAGR, 35%+ profitability growth, and 25%+ ROIC. The company aims for 50%+ value-added products and 30%+ non-lead business.
• Successful Fundraise and Strategic Utilization: Gravita successfully raised Rs. 1,000 crore through QIP, which will be strategically deployed to support its vision of becoming a global leader in the recycling industry and enhancing its market position.
• Impressive Q3FY25 Growth and Strategic Focus: Gravita posted significant YoY growth in volumes (33%), revenues (31%), EBITDA (14%), and PAT (29%). The company is well-positioned for growth through ambitious capex, global expansion, and an integrated supply chain.

Outlook:

Gravita India is set for continued growth, aiming for 25%+ volume CAGR, 35%+ profitability growth, and 25%+ return on invested capital by 2028. With a Rs. 1,000 crore QIP raise and planned capacity expansion to 500,000 MTPA by FY27, the company is strengthening its market position. FY25 estimates include revenue of Rs. 948 crore, EBITDA of Rs. 103 crore, and a profit of Rs. 76 crore. Its pan-India and international presence supports its long-term success and global leadership ambitions.

Results:

Segmental Revenue

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