Gravita India Limited reports robust performance: Financial Results for Q4 FY23 & FY23
Gravita India Limited, a leading recycling solutions provider, has reported its financial results for Q4 FY23 and FY23, demonstrating a robust performance with significant YoY growth. The company’s consolidated revenues from operations for Q4 FY23 stood at ₹749 crore, up 12% YoY, while the consolidated revenues from operations for the full year FY23 were ₹2,801 crore, reflecting YoY growth of 26%.
Gravita’s EBITDA for Q4 FY23 was ₹85 crore, a YoY growth of 17%, and for the full year FY23, the EBITDA stood at ₹286 crore, reflecting YoY growth of 33%. The company’s PAT for Q4 FY23 was ₹64 crore, up 54% YoY, while the PAT for the full year FY23 stood at ₹201 crore, reflecting YoY growth of 44%. The company’s operating cash flow for the full year FY23 stood at ₹200 crore.
The board of directors of Gravita India Limited has approved a dividend of 217% (i.e., Rs. 4.35 per share) for its shareholders.
Gravita is pleased to report a robust performance for Q4 FY23 and FY23, reflecting its strong focus on sustainable growth and operational excellence. Its business model and expansion strategy have delivered significant value to all the stakeholders, and the company is confident of sustaining this momentum in the coming years.
Gravita India Limited is a global recycling solutions provider, engaged in the manufacturing of lead and lead alloys, Aluminium Alloys and Plastic Granules through sustainable recycling of scrap material. The company’s focus on sustainability, innovation, and customer satisfaction has helped it achieve a leadership position in the recycling industry.