Gravita posted overwhelming increase of 238% in PAT of 2nd Quarter
Gravita has announced its financial results for the quarter ended September 30. 2013. Consolidated net total income for the quarter was Rs. 12013.80 Lacs, showing an increase of 25.26% over the total income of previous quarter. The profit after Tax of the company stood at Rs. 345.05 Lacs depicting an outstanding increase of 238.48% as compared to previous quarter.
On standalone basis the total turnover and profit after tax stood at Rs. 7473.32 Lacs and Rs. 112.31 lacs respectively.
The company’s fast growing pace her been well recognized by Inc india’s ranking of top 500 fastest growing SME’s of India for 2013. The company has been positioned at 52nd rank in the said ranking.