GRAVITA INDIA LIMITED

During the Q1 FY27 earnings conference call, management reported a 4% growth in volumes, 42% in revenue, 29% in EBITDA, and 14% in PAT year-on-year. The company achieved a significant milestone with the London Metal Exchange Brand Listing for lead metal, enhancing its credibility with global customers. Management highlighted a successful expansion of the Phagi lead facility, increasing capacity to 75,819 metric tons per annum. The copper segment, operating at 50% capacity, contributed INR376 crores in revenue. Management noted challenges in lead volumes due to supply chain disruptions from geopolitical issues but emphasized a focus on profitability through better margins. The company plans to invest INR1,680 crores through FY29 for capacity expansions and diversification into new recycling verticals. ICRA upgraded Gravita's long-term credit rating from AA- to AA, reflecting its improving financial profile. The call concluded with management expressing confidence in achieving long-term growth objectives.

Management emphasized strong financial performance and strategic growth initiatives.