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Gravita India Ltd

Q3 FY26Minerals & Mining

Gravita India Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 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
Read6 min read

The short version

Gravita targets a volume CAGR of over 25% through FY 2028 and beyond. - FY 2027 and FY 2028 volume growth is expected to improve, supported by capacity expansions coming live in Q4 of FY 2026 and ramp-up by Q2 FY 2027. - Lead volumes are expected to ramp up fully by Q2 FY 2027. - Plastic segment growth anticipated at 8-10% in the near term, with potential acceleration thereafter. - Aluminum volume recovery expected following normalization of scrap availability post price stabilization. - Overall revenue growth may show some volatility year-on-year due to scrap movement between Africa and India. - EBITDA and profitability expected to grow faster, with an anticipated 30-35% increase year-on-year. - New verticals like rubber and lithium-ion segments to contribute to growth starting FY 2027 onwards. - Long-term operational efficiencies and better procurement expected to improve margins by Rs. Gravita targets a volume CAGR of over 25% through FY 2028 with operational scale-up. - Earnings growth expected at 30%-35% CAGR in EBITDA and PAT, driven by margin sustainment and capacity expansion. - Operating margins expected to stabilize around Rs.

From Gravita India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Gravita targets a volume CAGR of over 25% through FY 2028 and beyond.
  • FY 2027 and FY 2028 volume growth is expected to improve, supported by capacity expansions coming live in Q4 of FY 2026 and ramp-up by Q2 FY 2027.
  • Lead volumes are expected to ramp up fully by Q2 FY 2027.
  • Plastic segment growth anticipated at 8-10% in the near term, with potential acceleration thereafter.
  • Aluminum volume recovery expected following normalization of scrap availability post price stabilization.
  • Overall revenue growth may show some volatility year-on-year due to scrap movement between Africa and India.
  • EBITDA and profitability expected to grow faster, with an anticipated 30-35% increase year-on-year.
  • New verticals like rubber and lithium-ion segments to contribute to growth starting FY 2027 onwards.
  • Long-term operational efficiencies and better procurement expected to improve margins by Rs. 0.5 to Rs. 0.75 per kg by FY 2028.

Profitability & Margins

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

Capital Expenditure Plans

  • FY 2026 CAPEX: Rs. 200 crores targeted; Rs. 125 crores incurred in first nine months; expected to cross Rs. 200 crores by Q4.
  • Capacity expansion:
  • - Mundra lead plant: 80,000 tonnes added by Q4 FY 2026.
  • - Jaipur lead plant: 45,000 tonnes added by Q4 FY 2026.
  • - Total lead capacity expansion: 125,000 tonnes by Q4 FY 2026.
  • Future expansions:
  • - Aluminum and plastic capacity increases planned for next year (FY 2027).
  • - Mundra rubber project commissioning in Q1 FY 2027; revenues from Q2 FY 2027.
  • - Lithium-ion recycling expected to start soon (license pending).
  • Strategic investments:
  • - Gravita Netherlands BV increased stake in Gravita Europe S.R.L from 80% to 95% via acquisition.
  • Total planned CAPEX over next 2-3 years: Rs. 1,200 crores, mainly funded through internal accruals and some debt.
  • Expansion delays due to government approvals expected to resolve by Q4 FY 2026.

Top-ranked in Minerals & Mining

Ranked on what management guided this quarter

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1Lloyds Metals
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2NMDC
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3
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4
Rev 3Mar 2
5
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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 from the provided pages does not explicitly mention details about the current or expected order book or pending orders of Gravita India Limited. However, some related insights can be summarized: - The company has long-term tie-ups with major OEMs and leading traders internationally, ensuring robust demand. - Current production volumes are fully absorbable by existing OEM clients both in India and overseas, indicating strong order fulfillment capacity. - Capacity expansions planned for Q4 FY 2026 are expected to increase volumes starting Q1/Q2 FY 2027, which will support higher order fulfillment. - No indications of order backlog issues; management emphasized ability to sell produced volumes comfortably without market pressure. - The company focuses on selling primarily to OEMs (around 70%) for higher margins and maintains flexible channels including commodity exchanges (MCX, upcoming LME license). If more precise order book figures are required, they are not provided in the current document excerpts.

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 Q3 FY26 results?

Gravita targets a volume CAGR of over 25% through FY 2028 and beyond. - FY 2027 and FY 2028 volume growth is expected to improve, supported by capacity expansions coming live in Q4 of FY 2026 and ramp-up by Q2 FY 2027. - Lead volumes are expected to ramp up fully by Q2 FY 2027. - Plastic segment growth anticipated at 8-10% in the near term, with potential acceleration thereafter. - Aluminum volume recovery expected following normalization of scrap availability post price stabilization. - Overall revenue growth may show some volatility year-on-year due to scrap movement between Africa and India. - EBITDA and profitability expected to grow faster, with an anticipated 30-35% increase year-on-year. - New verticals like rubber and lithium-ion segments to contribute to growth starting FY 2027 onwards. - Long-term operational efficiencies and better procurement expected to improve margins by Rs. Gravita targets a volume CAGR of over 25% through FY 2028 with operational scale-up. - Earnings growth expected at 30%-35% CAGR in EBITDA and PAT, driven by margin sustainment and capacity expansion. - Operating margins expected to stabilize around Rs.

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?

FY 2026 CAPEX: Rs.

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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.