Gravita Reported 146% increase in its Q3 Net Profits
Jaipur, 31st January, 2013 : Gravita India Limited, Jaipur, has announced its Financial results for the quarter ended December 31, 2012. Consolidated Net total income for the quarter was Rs. 11307.01 Lacs, showing an increase of 59% over the total income for the corresponding quarter of previous year.
The EBITDA of the Company increased by 189% in Q3 FY 2012-13 compared to the corresponding quarter of previous year. Over the last 10 months, the Share of the Company has gained 21% outpacing the Sensex’s 14.5% gain. In addition to above the Board of Directors of the Company have declared 2nd Interim Dividend for the Financial Year 2012-13 @15% on total issued capital of the Company.
The Company has recently expanded its Plant operations at Jammu and Senegal by implementing upgraded Plant & Machinery. The Company is in the process of establishing a new plant in Gujarat. The Company’s Jaipur Plant is also under expansion of production capacity.