Gravita India Ltd 30 Apr 2024 12:00 AM
Gravita India consolidated net profit rises 8.10% in the March 2024 quarter,
Net profit of Gravita India rose 8.10% to Rs 68.98 crore in the quarter ended March 2024 as against Rs 63.81 crore during the previous quarter ended March 2023. Sales rose 15.29% to Rs 863.41 crore in the quarter ended March 2024 as against Rs 748.93 crore during the previous quarter ended March 2023.For the full year,net profit rose 18.94% to Rs 239.19 crore in the year ended March 2024 as against Rs 201.10 crore during the previous year ended March 2023. Sales rose 12.86% to Rs 3160.75 crore in the year ended March 2024 as against Rs 2800.60 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales863.41748.93 15 3160.752800.60 13 OPM %8.368.47 -8.977.06 - PBDT84.7076.69 10 312.14251.55 24 PBT72.2269.77 4 274.15227.59 20 NP68.9863.81 8 239.19201.10 19 Powered by Capital Market - Live News
Gravita India Ltd 30 Apr 2024 12:00 AM
Board of Gravita India recommends Interim Dividend,
Gravita India announced that the Board of Directors of the Company at its meeting held on 30 April 2024, has recommended a Interim dividend of Rs.5.20 per share (i.e.260%), subject to the approval of the shareholders.Powered by Capital Market - Live News
Gravita India Ltd 24 Apr 2024 12:00 AM
Gravita India to conduct board meeting,
Gravita India will hold a meeting of the Board of Directors of the Company on 30 April 2024.Powered by Capital Market - Live News
Gravita India Ltd 11 Mar 2024 12:00 AM
Gravita`s Pure Lead from Mundra plant gets empanelled with MCX,
Gravita India announced that �Pure Lead� meeting the MCX purity standards, produced at its Mundra, Gujarat plant has been empaneled as an approved Lead Brands deliverable against MCX lead futures contract. Further, the Pure Lead manufactured by Chittoor and Phagi plants of the company are already an MCX empaneled products.The company said, The MCX empanelment will provide us with an additional platform for hedging, better inventory management and price transparency in the domestic market. This empanelment will also increase the availability of high-quality lead for delivery against MCX lead futures contracts, benefiting market participants. It also aligns with Gravita group`s vision `To be the most valuable company in the recycling space globally`.Powered by Capital Market - Live News
Gravita India Ltd 06 Mar 2024 12:00 AM
Gravita expands capacity of its recycling unit in Tanzania,
Gravita India announced that Gravita Tanzania, a step down wholly owned subsidiary of the company has increased capacity of its existing recycling unit situated at Tanzania. The existing capacity of said unit for battery recycling has been increased by 5,000 MTPA bringing the total capacity of battery recycling of this unit to 12,000 MTPA. With this expansion the total capacity of Gravita Group has reached to 2,90,859 MTPA which is in line with company`s target to reach 4,25,000 MTPA by FY 2026. The production from said plant will cater to the needs of battery industry globally and support the establishment of a circular economy in the global recycling market. The investment in the said capacity expansion is approx. Rs 3.33 Cr. which has been funded through internal accruals of the company. Powered by Capital Market - Live News
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