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Revenue from operations stood at Rs 836.18 crore during the quarter, registering growth of 22.48% as against with Rs 682.69 crore posted in Q2 FY23.
Profit before tax was at Rs 67 crore in Q2 FY24, up 33.52%YoY.
EBITDA jumped to Rs 79.84 crore in Q2 FY24, registering growth of 22.72% from Rs 65.06 crore posted in Q2 FY23. EBITDA margin improved to 9.56% in Q2 FY24 as against to 9.53% recorded in the corresponding quarter previous year.
Yogesh Malhotra, whole time director & CEO, Gravita India, said, "Our Pan India and global presence, integrated supply chain, operational excellence and strong risk management framework makes us a preferred partner of choice for OEMs across India and gives us confidence to meet our Vision 2027 of diversifying into new business verticals and achieve Revenue CAGR more than 25%, Profitability growth over 35% and ROCE more than 25%.
Coming to Q2 & H1FY24 performance, I am happy to share that Gravita has performed exceptionally well. Volumes, Revenue, EBITDA and PAT for the quarter have increased by 14%, 22%, 23% and 30% resp. ROCE for H1FY24 stood strong at 26% and proportion of Value-added products increased to 48% in H1FY24 which is very close to our Vision 2027. I am confident that we will continue to deliver our best and achieve our Vision 2027.”
Gravita India is manufacturer of Lead, Lead Alloys & Lead Products, Aluminium Alloys & Plastic Granules, Offers Turnkey Solutions for Recycling Industry and Consultancy.
The scrip hit an all time high at Rs 1,079.80 in intraday today on the BSE.
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