Gravita India

Gravita India reported a mixed Q3 FY26 with revenue flat at ₹1,017 croreCurrent reported value: ₹1,017 crore. No comparable prior figure is available in the source record. YoY, but EBITDA grew 13%Current reported value: 13%. No comparable prior figure is available in the source record. to ₹116 croreCurrent reported value: ₹116 crore. No comparable prior figure is available in the source record. and PAT surged 32%Current reported value: 32%. No comparable prior figure is available in the source record. to ₹97.67 croreCurrent reported value: ₹97.67 crore. No comparable prior figure is available in the source record., driven by operating efficiencies and mix improvements. Lead volumes grew modestly, plastics rebounded 55% QoQ, but aluminium volumes declined due to scrap hoarding amid rising metal prices. Management maintained its medium-term volume CAGR target of 25%Current reported value: 25%. No comparable prior figure is available in the source record. and guided for 30-35% bottom-line growth, though near-term volume growth remains constrained by delayed capacity expansions. Key risks include regulatory approval delays for new capacities and aluminium margin volatility from lack of hedging. The company is expanding into lithium-ion, rubber, steel, and paper recycling, with a total capex of ₹1,225 crore planned through FY28.