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Gravita India Ltd

Q2 FY26Minerals & Mining

Gravita India Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,822
Market cap₹12.5K Cr
P/E31.8
Updated23 Aug 2026
Read4 min read

The short version

Gravita targets a volume CAGR of over 25% in the coming years. Gravita targets a volume CAGR of over 25% going forward.

From Gravita India Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Gravita targets a volume CAGR of over 25% in the coming years.
  • The company expects a 30% to 35% increase in revenue from existing and new verticals within the next 3 to 4 years.
  • FY '27 volume growth is anticipated to reach 60% to 70% utilization of new capacities, leading to approximately 25% volume growth for the year.
  • Long-term volume growth is targeted at around 25% annually.
  • Expansion plans include increasing lead capacity to around 400,000 tons by FY '27.
  • Non-lead business, including rubber, is expected to grow to about 30% of total revenue by FY '27.
  • New verticals like lithium ion and rubber recycling are being developed to contribute to revenue growth.
  • Capacity expansions in Mundra, Phagi, and overseas locations will support volume and revenue growth.

Profitability & Margins

See what Gravita India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex budget realigned to approximately INR 1,225 crores by FY '28.
  • Around INR 850 crores planned for strengthening existing verticals.
  • Remaining capital allocated for diversification into lithium-ion, paper, and steel recycling.
  • H1 FY '26 capex incurred about INR 105 crores; additional INR 100 crores expected in H2 for capacity expansion.
  • Pilot lithium-ion battery recycling unit at Mundra to become operational in Q3 FY '26.
  • Lead capacity expansion at Mundra: Phase 1 (30,000 MT per annum) expected by Nov 2025; Phase 2 (50,000 MT per annum) targeted by Jan 2026.
  • Phagi lead recycling capacity enhancement of 45,000 MT per annum to complete by Dec 2026.
  • Mundra project for rubber expected to be commissioned by Q4 FY '26, with revenue from FY '27.
  • Exploration of acquisitions in aluminium (pending MCX approval), rubber, and plastics in other geographies ongoing.

Top-ranked in Minerals & Mining

Ranked on what management guided this quarter

5x potential
1Lloyds Metals
Rev 2Mar 3
2NMDC
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 3Mar 2
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Gravita India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Gravita India Limited. However, some relevant insights include: - Capacity expansions planned and underway (e.g., Mundra and Phagi facilities) indicate anticipation of increased demand and order inflow. - The company is preparing inventories in anticipation of new capacities coming online soon. - Management mentions ramping up production and expects to achieve around 25% volume growth in the near term. - There is confidence in increasing procurement and processing capabilities to meet demand. - No direct figures or details on order books or pending orders were disclosed in the provided pages. For precise order book or pending order data, it is recommended to consult company investor relations or official disclosures.

Gravita India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹92 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Gravita India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Gravita India Ltd Q2 FY26 results?

Gravita targets a volume CAGR of over 25% in the coming years. Gravita targets a volume CAGR of over 25% going forward.

What is Gravita India Ltd share price analysis?

Gravita India Ltd currently shows a neutral. The stock trades at a P/E of 31.8 with a market cap of ₹12,465 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gravita India Ltd planning capital expenditure?

Capex budget realigned to approximately INR 1,225 crores by FY '28.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.