GRAVITA Q3 FY26 Concall Summary & Key Takeaways (GRAVITA)

GRAVITA Q3 FY26 (Dec-2025 Qtr) Earnings call highlights: Key takeaways, performance, financial metrics, outlook and guidance, concerns and management tone.

Gravita India Ltd (GRAVITA) Q3FY26 Concall Summary - Dec-2025 Qtr

Performance Overview

  • The company delivered a consistent performance in Q3 FY26, with revenue remaining flat at 1017 crore, while Adjusted EBITDA grew 13% YoY to 116 crores and PAT increased by 32% YoY to 97.67 crores, indicating strong profitability and operational efficiency.
  • There have been some delays in capacity expansion plans, primarily due to administrative hold-ups in receiving licenses to operate from government authorities in Gujarat; however, the company is confident these will be resolved within Q4 FY26.
  • The plastic segment demonstrated a strong rebound with volumes rising 55% sequentially to 3,160 metric tons, while the aluminium segment saw a decline in volumes due to scrap aggregators withholding material in anticipation of higher metal prices.
  • The company is progressing steadily towards its Vision 2029, with a total planned CapEx of 1225 crore through FY28 to expand existing businesses and enter new recycling verticals like lithium-ion batteries, paper, and steel.
  • The regulatory environment remains favorable, with stronger enforcement of Battery Waste Management Rules (BWMR) and Extended Producer Responsibility (EPR) frameworks improving domestic scrap availability and benefiting organized recyclers.

Financial Metrics

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Operating Performance / Business Segments

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Key Discussions & Insights

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Outlook and Guidance

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Challenges / Concerns

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Industry / Competitive Landscape

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Overall Summary

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