Name: Latest research reports of Gravita India Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Gravita India Ltd.
Rating: 5
Author: Motilal Oswal

Strong volume growth drives revenue

Buy: Gravita India Ltd.

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Motilal Oswal

Gravita India (GRAVITA) reported strong revenue growth of ~31% YoY in 3QFY25, aided by total volume growth of 33% YoY. The growth was broadbased across segments, with aluminum reporting the highest growth (2.4x YoY), following by plastics (44%) and lead (up 23% YoY). However, adj. EBITDA/kg declined 14% to INR19.1, due to higher sourcing of domestic scrap (44%) in 3Q.