Gravita India (GRAVITA) Q1 24/25 earnings summary

Executive summary

• Q1 FY2025 delivered strong growth with consolidated revenue up 29% year-over-year to ₹907.86 crore and PAT at ₹68.00 crore, driven by robust volume increases and value-added products.

• Strategic focus on expanding value-added products, capacity, and diversification into lithium-ion, steel, and paper recycling.

• Advancing ESG roadmap with new recycling projects and sustainability targets for 2027, 2034, and 2050.

• Targeting over 500,000 MTPA capacity and ₹600+ crore capex by FY27.

Financial highlights

• Q1 FY2025 consolidated revenue reached ₹907.86 crore, EBITDA ₹92.88 crore, and PAT ₹68.98 crore, with EBITDA margin at 10.05%.

• 5-year revenue CAGR at 21% and PAT CAGR at 74%, with consistent EBITDA margins of 9-10%.

• Value-added products contributed 47%-50% to revenue, nearing the 50% target.

• Interim dividend of ₹5.20 per share paid in Q1 FY25.

Outlook and guidance

• Vision 2028 targets 25%+ volume CAGR, 35%+ profitability growth, 25%+ ROCE, 50%+ value-added products, and 30%+ non-lead business.

• FY2025 CapEx estimated at ₹108 crore; total CapEx of ₹600 crore planned through FY2027, mainly self-funded.

• Tax rate expected to remain at 10%-11% for the next 2-3 years.