Q3 2026 Gravita India Ltd Earnings Call Transcript
Key Points
- Gravita India Ltd (BOM:533282) reported a year-on-year growth of 9% in revenue, 15% in EBITDA, and 32% in PAT for the nine months of FY26.
- The company is progressing with its expansion plans, aiming to increase installed capacity to over 7 lakh metric tonnes per annum by FY28.
- Gravita India Ltd has earmarked a total CapEx of INR1,225 crores through FY28, with significant investments in new recycling verticals like lithium-ion batteries, paper, and steel.
- The regulatory environment is favorable for organized recyclers, enhancing accountability and improving scrap availability.
- The company is targeting strong growth metrics, including a volume CAGR of over 25%, profitability growth above 35%, and ROIC exceeding 25%.
- There have been delays in capacity expansion plans due to government licensing issues, particularly in Gujarat.
- Aluminum volumes declined both year-on-year and quarter-on-quarter due to higher metal prices and scrap availability issues.
- The company faces challenges in hedging aluminum prices due to the lack of a trading mechanism on exchanges.
- The expansion into new recycling verticals like lithium-ion and rubber is still in early stages, with no significant revenue contribution yet.
- The company has experienced delays in CapEx execution, with a significant portion of planned expenditures pushed to Q4 FY26.
Ladies and gentlemen, good day, and welcome to 3Q and FY26 post results conference call of Gravita India Limited, hosted by Antique Stock Broking. (Operator Instructions)
I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking. Thank you, and over to you, sir.
Yes. Thank you, moderator. On behalf of Antique Stock Broking, I would like to welcome all the participants on the 3Q FY26 earnings call of Gravita India. We have with us leadership team, represented by Mr. Yogesh Malhotra, Whole-Time Director and CEO; Mr. Sunil Kansal, Whole-Time Director and CFO; Mr. Naveen Sharma, Executive Director; and Mr. Anant Jain, Investor Relations on the call.
Without any delay, I would like to hand over the call to Mr. Malhotra for opening remarks, post which, we will open the floor for Q&A. Thank you, and over to you.
Thank you, Mr. Manish. Good
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