Why are Gravita share price up nearly 9% today? Explained
By Aditya Bhagchandani Published on May 5, 2025, 09:29 IST
Shares of Gravita India surged 8.63% to ₹1,967.90 on Monday morning after the company reported a strong set of earnings for the quarter ended March 31, 2025. The stock gained ₹156.40 from its previous close of ₹1,811.50, with investor sentiment boosted by solid growth across all key metrics.
Gravita India posted a consolidated profit after tax (PAT) of ₹95 crore in Q4FY25, marking a 37% year-on-year (YoY) increase from ₹69.4 crore in the same quarter last year. The company's revenue from operations also rose 20.1% to ₹1,037 crore, led by robust demand across its lead, aluminum, and plastic recycling segments.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹92 crore, up 27.4% YoY, with EBITDA margin improving to 8.9% from 8.4%, driven by higher volumes and a rising share of value-added products.
The company also announced that it has raised ₹1,000 crore via Qualified Institutional Placement (QIP) to support its expansion and debt repayment plans. Additionally, the board declared an interim dividend of ₹6.35 per share for FY25-26, with a record date set for May 8, 2025.
CEO Yogesh Malhotra said Gravita achieved record revenue, EBITDA, and PAT in FY25, and is well-positioned to realize its Vision 2029 roadmap focusing on scale, diversification, and sustainability.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
10 minutes ago
- Business Upturn
GRSE signs contract with GSI to build two coastal research vessels
By Aditya Bhagchandani Published on June 11, 2025, 14:21 IST Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with the Geological Survey of India (GSI) for the construction of two Coastal Research Vessels (CRVs). The agreement was formalized on June 11, 2025, in Kolkata, highlighting GRSE's growing role in specialized research vessel manufacturing. Each vessel will be 64 meters long and 12 meters wide, with a deadweight tonnage of 450 tons. Designed for oceanic exploration and environmental research, the CRVs will support geological mapping, mineral exploration, and environmental monitoring. Equipped with onboard laboratories, they will have 15-day endurance and house 35 personnel each. This project reinforces GRSE's capabilities, with the company also constructing an Ocean Research Vessel for NCPOR and an Acoustic Research Ship for DRDO's NPOL. GRSE is currently building 16 warships and has been the lowest bidder for the Navy's Next Generation Corvette program. The shipyard is also building multipurpose cargo vessels for a German company. The company's leadership emphasized the vessels will use diesel-electric propulsion and operate within India's Exclusive Economic Zone. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
10 minutes ago
- Business Upturn
United Breweries receives Rs 18.6 crore tax demand notice from Kerala GST department
By Aditya Bhagchandani Published on June 11, 2025, 13:40 IST United Breweries Limited informed the stock exchanges on Wednesday that it has received tax demand orders from the Kerala State Goods & Services Tax Department, Palakkad, amounting to Rs 18.6 crore, excluding applicable interest. The orders were issued under Section 17(3) of the Kerala General Sales Tax Act, 1963, for the financial years 2022–23 and 2023–24. The demand notice alleges non-payment of turnover tax on the sale of beer during the mentioned financial years. The company received the communication from the Deputy Commissioner of State Tax on June 10, 2025. In its exchange filing, United Breweries stated that it has already made adequate provisions for the demand in its financial statements and, therefore, does not anticipate any material impact on its financial or operational performance. The company also noted that it is evaluating legal remedies against the order. Meanwhile, the company's shares were trading slightly positive in Wednesday's session despite the development, reflecting investor confidence in the management's ability to handle the matter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
10 minutes ago
- Business Upturn
CWD shares in focus after securing 9 lakh smart meter order in Goa
By Aditya Bhagchandani Published on June 11, 2025, 13:39 IST Shares of CWD Limited were in focus on Wednesday after the company announced it had received a Letter of Award for a major smart metering project from the Government of Goa. The order, placed under the Advanced Metering Infrastructure (AMI) initiative, involves the deployment and maintenance of 9 lakh smart prepaid meters over a period of 10 years. The project will be executed through a consortium of CWD Limited and Digismart Network Pvt Ltd. According to the company's exchange filing, this deal marks a significant milestone in Goa's efforts to modernize its electricity infrastructure and improve energy efficiency. The implementation will be based on the Design-Build-Finance-Own-Operate-Transfer (DBFOOT) model. CWD will provide the wireless IoT modules while Digismart will handle ground-level deployment. Although the value of the order has not been disclosed due to competitive sensitivity, the size and duration signal a strong business outlook for CWD. The company emphasized that this collaboration aligns with India's digital and sustainable development goals. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
