Gravita posted strong sales growth coupled with 173.21% increase in PAT of Q3 FY 2013-14

Gravita India Limited, Jaipur based Indian Multi National Company, has announced its Financial Results for the quarter ended 31st December,2013. Consolidated Net total income for the quarter was Rs.13, 807.37 Lacs, showing an increase of 14.92% over the total income of previous quarter. The revenue growth fuelled due to increase in exports by the Company largely from its new plant at Gandhi Dham in Gujarat. The Profit After Tax of the Company stood at Rs 834.06 Lacs depicting an outstanding increase of 173.21% as compared to previous quarter of current financial year.

On standalone basis the total turnover and Profit after Tax stood at Rs 8107.44 Lacs and Rs 519.31 Lacs respectively.

The Board of Directors of the Company has declared the Interim Dividend @ 15% amounting to Rs. 0.30/- per share on the equity share of Rs. 2/- each for the F.Y. 2013-14.