{"id":18829,"date":"2020-02-05T05:24:01","date_gmt":"2020-02-05T05:24:01","guid":{"rendered":"https:\/\/www.gravitaindia.com\/?p=18829"},"modified":"2021-10-26T12:59:10","modified_gmt":"2021-10-26T12:59:10","slug":"gravita-india-limited-reported-12-26-cr-pat-in-03-fy20","status":"publish","type":"post","link":"http:\/\/vividsoftech.com\/work\/hg\/gg\/gravita-india-limited-reported-12-26-cr-pat-in-03-fy20\/","title":{"rendered":"Gravita India Limited reported 12.26 Cr PAT in 03 FY20"},"content":{"rendered":"<p><strong>Cey financial highlights of the 03-FY20- Consolidated<\/strong><\/p>\n<ul>\n<li><strong>Revenue INR 376.51 Cr<\/strong><\/li>\n<li><strong>EBITDA INR 32.84 Cr<\/strong><\/li>\n<li><strong>PATINR12.26 Cr<\/strong><\/li>\n<li><strong>EPS INR 1.54<\/strong><\/li>\n<li><strong>Sales Quantity: Lead 20,301 MT, Aluminium 1,925 MT &amp; Plastics 3,184 MT<\/strong><\/li>\n<\/ul>\n<p><strong>Q3-FY20 Operational Highlights<\/strong><br \/>\nThe consolidated revenue of the company stood at INR 376.5 1 Cr. representing a growth of 23% against the corresponding quarter of previous year. The EBITDA grew by 224% YoY and stood at INR 32.84 Cr\u00a0and Profit after tax stood at INR 12.26 Cr as against INR 0.36 Cr during the corresponding quarter of the previous year.<\/p>\n<p>The increase in revenue was primarily driven by higher sales volume in Lead and Plastic division. The\u00a0overall production during the quarter increased by 17% from the corresponding quarter of previous year. The increase in production was due to higher capacity utilization at all the existing facilities and stabilization\u00a0of new facilities situated in Ghana and Tanzania. Further, during the quarter the company has been able to procure 39,559 MT of scrap evidencing a growth of approx. 19% from the corresponding quarter of the previous year.<\/p>\n<p>The EBlDTA margin of the company improved significantly due to higher sale of Lead Alloys and Value Added Products (V AP). The sales from Lead Alloys and V AP increased by 60% against the corresponding\u00a0quarter of the previous year. The bottom line of the company improved due to the stabilization of 100% hedging\u00a0policy of the company and economies of scale. The increase in production at overseas facilities helped in\u00a0increasing the bottom line due to higher margins at these locations. Further, the company has focused on\u00a0improving its customer segmentation which has resulted in better profit margins.<\/p>\n<p><strong>Road Ahead:<\/strong><br \/>\nOver the next few quarters, the company will majorly focus to improve its capacity utilization at existing\u00a0facilities, increasing the production and sales of high margin products like Lead Alloys and Value Added\u00a0Products by strengthening its global scrap collection network and also by venturing into new territories.\u00a0The company is also focusing on developing the export market for its Aluminium Alloys which will result in\u00a0reduced working capital cycle coupled with improved profit margins.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p>For further information, please contact:<br \/>\nName: Mr. Sunil Kansal, CFO<br \/>\nCompany: Gravita India Limited<br \/>\nMob: +91 9784595005<br \/>\nEmail: sunil@gravitaindia.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cey financial highlights of the 03-FY20- Consolidated Revenue INR 376.51 Cr EBITDA INR 32.84 Cr PATINR12.26 Cr EPS INR 1.54 Sales Quantity: Lead 20,301 MT, Aluminium 1,925 MT &amp; Plastics 3,184 MT Q3-FY20 Operational Highlights The consolidated revenue of the company stood at INR 376.5 1 Cr. representing a growth of 23% against the corresponding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/posts\/18829"}],"collection":[{"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/comments?post=18829"}],"version-history":[{"count":1,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/posts\/18829\/revisions"}],"predecessor-version":[{"id":23012,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/posts\/18829\/revisions\/23012"}],"wp:attachment":[{"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/media?parent=18829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/categories?post=18829"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/vividsoftech.com\/work\/hg\/gg\/wp-json\/wp\/v2\/tags?post=18829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}