Gravita India LimitedQ2 FY27 Results & Financial Update
Gravita India Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,427.35 Cr, PAT ₹102.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Gravita India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Gravita India Limited reported consolidated revenue from operations of INR 1,427.35 crore for the quarter ended September 30, 2026, registering a sequential contraction of 3.23 percent compared to INR 1,475.06 crore in the preceding quarter ended June 30, 2026. Total income for the period stood at INR 1,445.35 crore, down from INR 1,522.60 crore in Q1 FY27.
Profit before tax (PBT) for Q2 FY27 was recorded at INR 124.21 crore, reflecting a decrease of 5.39 percent from INR 131.28 crore in the previous quarter. Profit after tax (PAT) came in at INR 102.03 crore, marking a 4.08 percent sequential decline from INR 106.37 crore reported in Q1 FY27.
Basic earnings per share (EPS) for the quarter stood at INR 14.01, compared to INR 14.60 in the preceding quarter. The company's tax expense for the period was reported at INR 22.18 crore, lower than the INR 24.91 crore recorded in Q1 FY27.
Other income for the quarter stood at INR 18.00 crore, down significantly from INR 47.54 crore in the previous quarter, contributing to the moderation in overall profitability. Finance costs for Q2 FY27 rose to INR 13.88 crore from INR 11.48 crore in Q1 FY27.
Depreciation and amortization expenses remained relatively steady at INR 13.89 crore during the quarter, compared to INR 14.49 crore in the preceding period. Interest income for the current quarter was reported at INR 7.88 crore.
Provisions recognized during the quarter stood at INR 13.25 crore. The net profit margin for Q2 FY27 was resilient at approximately 7.15 percent, remaining comparable to the 7.21 percent margin recorded in Q1 FY27.
01 · Business model
What does Gravita India do?
Gravita India Limited operates as a recycling and manufacturing enterprise, specializing in the recovery and processing of non-ferrous metals, plastics, and other recyclable materials on a consolidated basis. The company processes secondary raw materials into reusable industrial products such as lead, aluminum, and plastic granules, serving diverse manufacturing sectors globally.
The business model integrates collection, recycling, and metallurgical processing through a network of specialized facilities. By converting discarded materials into valuable commodities, Gravita captures value across the circular economy while managing commodity price exposures and environmental standards.
The company's operations span domestic and international markets, supported by structured procurement channels for scrap and spent batteries, alongside established distribution networks for refined metals and specialized compounds.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,427.35 Cr | ₹1,475.06 Cr |
| Total income | ₹1,445.35 Cr | ₹1,522.60 Cr |
| Profit before tax | ₹124.21 Cr | ₹131.28 Cr |
| Profit after tax | ₹102.03 Cr | ₹106.37 Cr |
| EPS | ₹14.01 | ₹14.60 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 7.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 8.7% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹18.00 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations decreased by 3.23 percent sequentially to INR 1,427.35 crore in Q2 FY27 from INR 1,475.06 crore in Q1 FY27.
Total income for the quarter reached INR 1,445.35 crore, inclusive of INR 18.00 crore in other income and INR 7.88 crore in interest income.
What drove margins
Other income contracted sharply to INR 18.00 crore in Q2 FY27 from INR 47.54 crore in Q1 FY27, impacting overall earnings momentum.
Finance costs increased to INR 13.88 crore during the quarter compared to INR 11.48 crore in the preceding period.
Depreciation and amortization expense remained stable at INR 13.89 crore against INR 14.49 crore in Q1 FY27.
PAT margin for the quarter stood at 7.15 percent, showing minor compression of approximately 6 basis points compared to 7.21 percent in the previous quarter.
04 · Items worth noticing
The line items that can distort a quick read
The company recorded provisions amounting to INR 13.25 crore during the quarter ended September 30, 2026.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Financial Results Filing
The company submitted its unaudited consolidated financial results for the quarter ended September 30, 2026, prepared in accordance with Indian Accounting Standards (Ind AS).
06 · Previous-quarter changes
What changed since the previous quarter
Revenue and PAT contracted by 3.23 percent and 4.08 percent respectively in Q2 FY27 compared to Q1 FY27, alongside a notable decline in other income.
07 · Key Q&A
The quarter, answered directly
What does Gravita India do?
Gravita India Limited operates as a recycling and manufacturing enterprise, specializing in the recovery and processing of non-ferrous metals, plastics, and other recyclable materials on a consolidated basis. The company processes secondary raw materials into reusable industrial products such as lead, aluminum, and plastic granules, serving diverse manufacturing sectors globally.
What is the clearest takeaway from Q2 FY27?
Gravita India Limited reported consolidated revenue from operations of INR 1,427.35 crore for the quarter ended September 30, 2026, registering a sequential contraction of 3.23 percent compared to INR 1,475.06 crore in the preceding quarter ended June 30, 2026. Total income for the period stood at INR 1,445.35 crore, down from INR 1,522.60 crore in Q1 FY27.
What drove revenue or demand?
Consolidated revenue from operations decreased by 3.23 percent sequentially to INR 1,427.35 crore in Q2 FY27 from INR 1,475.06 crore in Q1 FY27.
What mattered most for margins or profitability?
Other income contracted sharply to INR 18.00 crore in Q2 FY27 from INR 47.54 crore in Q1 FY27, impacting overall earnings momentum.
What changed operationally beyond the headline numbers?
The company submitted its unaudited consolidated financial results for the quarter ended September 30, 2026, prepared in accordance with Indian Accounting Standards (Ind AS).
What should the next disclosure help confirm?
Monitor future quarters for stabilization in gross and net profit margins amidst fluctuating non-operating income.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sequential Margin Trends: Monitor future quarters for stabilization in gross and net profit margins amidst fluctuating non-operating income.
- 02
Finance Cost Trajectory: Track the evolution of finance costs and provisions in upcoming reporting periods.
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