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For the full year,net profit rose 21.26% to Rs 378.80 crore in the year ended March 2026 as against Rs 312.39 crore during the previous year ended March 2025. Sales rose 10.25% to Rs 4265.27 crore in the year ended March 2026 as against Rs 3868.77 crore during the previous year ended March 2025.
Profit before tax fell 7.5% to Rs 105.95 crore in the March 2026 quarter compared with Rs 114.57 crore in the corresponding quarter previous year.
Total expenses increased 12.25% YoY to Rs 1,075.67 crore during the quarter. Cost of materials consumed stood at Rs 891.69 crore (up 26.52% YoY), employee benefit expenses were at Rs 51.71 crore (up 41.49% YoY), and finance costs declined 22.24% YoY to Rs 4.37 crore during the period under review.
EBITDA stood at Rs 112.91 crore in Q4 FY26, up 4.05% YoY, while EBITDA margin declined to 9.63% in Q4 FY26 from 10.46% in Q4 FY25.
On the management commentary and business outlook, the company stated, “Gravita ended FY26 on a strong note, reporting YoY growth of 5% in volumes, 10% in revenue, 12% in EBITDA, and 21% in PAT, while sustaining approximately 24% ROIC. Performance was supported by a higher share of value-added products and increased domestic scrap sourcing. The company incurred approximately Rs 372 crore in capex during the year, commissioned a 6,000 MTPA lithium-ion battery recycling plant at Mundra, and expanded its Mundra lead recycling capacity by 80,300 MTPA to 145,100 MTPA, with strategic port proximity enhancing raw material sourcing efficiency and strengthening access to global markets.
Aligned with VISION 2030, Gravita continues to scale its core segments and targets 8+ LTPA capacity by FY29 while expanding into new verticals. The company has entered the copper recycling business through the proposed acquisition of up to a 100% stake in RMIL, supporting diversification and future growth. With a focus on volume growth, margin expansion, increasing share of value-added and non-lead businesses, and strong ESG-led execution, the company is well positioned to deliver consistent growth and enhance stakeholder value over the long term.”
The company also announced the closure of subsidiary Recycling Infotech LLP. Separately, Gravita India said it will set up a copper recycling plant at Mandvi, Gujarat, with an estimated capital expenditure of Rs 160 crore.
The company said the project is aimed at strategic diversification of business operations, optimal utilization and monetization of existing land assets, and long-term shareholder value creation. The company further said that it acquired a 98.95% equity stake in Rashtriya Metal Industries Limited (RMIL) during the year ended March 31, 2026, for an aggregate consideration of Rs 559.08 crore under a share purchase agreement executed on March 12, 2026.
RMIL manufactures copper and copper alloy products and operates an integrated manufacturing facility at Sarigam, Gujarat. Following the acquisition, RMIL became a subsidiary of Gravita India with effect from March 12, 2026. The company added that the purchase price allocation and related fair value adjustments, including goodwill recognition, have been reflected in its consolidated financial statements.
Gravita India is a manufacturer of lead, lead alloys & lead products, aluminum alloys & plastic granules and offers turnkey solutions for the recycling industry and consultancy.
The proposed acquisition involves the purchase of shares from the existing shareholders of RMIL, which upon completion will result in RMIL becoming a subsidiary of Gravita.
RMIL is one of the most reputed manufacturers of copper & copper alloy products (strips, coils etc.) with nearly 40% exports to UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia etc.
RMIL has an integrated manufacturing facility in Sarigram, Gujarat across 58,287 square meters of land with a production capacity of 31,200 MTPA. Further, RMIL is having a turnover of Rs 910 crore and EBITDA of Rs 60 crore for the year ended 31 March 2025.
The purchase consideration for the proposed acquisition of 100% equity stake is approximately Rs 565 crore. The transaction is expected to be completed on or before 31 March 2026, subject to completion of due diligence, execution of definitive documentation, receipt of necessary regulatory and other approvals, and satisfaction of customary closing conditions.
'Signing of this binding term sheet will create an opportunity for expansion of group into the new vertical of Copper, increase the share of non-Lead business, provide further opportunities for backward integration, and create strong operating synergies with our existing plants across procurement, logistics and sales,” the company said in a statement.
Gravita India is a manufacturer of lead, lead alloys & lead products, aluminum alloys & plastic granules, and offers turnkey solutions for the recycling industry and consultancy.
The company's consolidated net profit jumped 25.33% to Rs 97.67 crore on 2.07% increase in revenue from operations to Rs 1,017.07 crore in Q3 FY26 over Q3 FY25.
Gravita India announced the launch of its state-of-the-art lithium-ion battery recycling plant in Mundra, Gujarat with a capacity of 6,000 MTPA.
The company has made an investment of ~Rs. 14 crore for procurement and commissioning of the said Recycling Plant which is invested from internal accruals of the company.
Gravita will ensure the safe, sustainable recycling of lithium-ion batteries, reducing environmental impact, and conserving precious resources. Gravita India has invested in cutting edge technology to improve the efficiency and scalability of the recycling process, ensuring that toxic chemicals and waste are minimized.
This venture is part of Gravita's commitment to promoting a circular economy by reusing valuable materials and reducing the dependency on mining for raw materials.
Gravita's venture into lithium-ion battery recycling is aligned with its ambitious sustainability goals and the global push for cleaner, more efficient energy solutions. As electric vehicles continue to grow in popularity, the company aims to become a key player in the global battery recycling market, supporting a greener, more sustainable planet for future generations.
The company plans to expand the scope of its recycling operations and collaborate with leading players in the EV and renewable energy sectors to further enhance its recycling capabilities.