Gravita India (GRAVITA) investor relations material

Executive summary

• Achieved strong Q1 FY26 performance with double-digit growth in revenue, EBITDA, and PAT, supported by a net debt-free balance sheet and robust execution of the Vision 2029 roadmap focused on capacity expansion and diversification into lithium-ion, paper, rubber, and steel recycling.

• Strategic priorities include increasing value-added product share, maintaining a disciplined focus on ESG goals, and expanding into new recycling verticals.

• Consolidated revenue for Q1 FY26 was ₹1,039.94 crore, up 14.5% year-over-year.

• Profit after tax for the quarter was ₹93.06 crore, a 36.9% increase year-over-year.

• Total comprehensive income for the quarter reached ₹128.94 crore, up from ₹49.10 crore in Q1 FY25.

Financial highlights

• Q1 FY26 revenue reached INR 1,040 crores, up 15% year-over-year, with 12% YoY volume growth, 22% YoY EBITDA growth, and 39% YoY PAT growth.

• Adjusted EBITDA grew to INR 111.7 crores, with a margin of 10.74%; lead segment EBITDA was ₹115.60 crore.

• Value-added products contributed 47% of revenue, advancing toward the 50% Vision 2029 goal.

• Overseas business contributed 26% of revenue and 25% of profit in Q1 FY26.

• Basic and diluted EPS for the quarter stood at ₹12.81, compared to ₹9.82 in Q1 FY25.

Outlook and guidance

• Targeting 25%+ volume CAGR, 35%+ profitability growth, and 25%+ ROIC through FY28.

• FY26 volume growth expected at 20–22%, with 15–16% from existing capacity and 7–8% from new expansions.

• CapEx plan of INR 1,500 crores through FY28, with 100,000 MT capacity addition in FY26 and 125,000–150,000 MT in FY27.

• Plans to increase value-added products to over 50% of revenue and non-lead business to over 30%.

• Management believes a pending customs dispute will not materially impact consolidated results.