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Informist, Friday, Jul. 24, 2026

By Khushi Singh       

MUMBAI – Gravita India Ltd. is expected to report strong numbers for the June quarter on the back of the consolidation of Rashtriya Metal Industries Ltd.'s copper business, according to the brokerages tracking the company. Higher realisations in the lead segment are also likely to aid sales.

The recycling company is expected to report a consolidated net profit of INR 1.02 billion for the June quarter, according to the average of estimates from seven brokerages. This will be up 9.5% on year and up 11% sequentially. The company's consolidated net sales for the quarter are estimated to be INR 14.20 billion, up 37% on year and up 21% sequentially, according to the estimates.

The highest estimate for the company's net profit is INR 1.12 billion from Emkay Global Financial Services Ltd. and the lowest is INR 885 million by ICICI Securities Ltd. The highest estimate for the company's net sales is INR 14.51 billion from JM Financial Institutional Securities Pvt. Ltd. and the lowest is INR 13.74 billion by Emkay Global.

Gravita India's June quarter earnings are expected to be strengthened by the consolidation of the copper business it acquired from Rashtriya Metal Industries Ltd. and higher sales volumes in aluminium and plastics segment. The copper business is expected to be the key contributor to profitability during the quarter, brokerages said.

The company acquired a 98.95% stake in Rashtriya Metal Industries for INR 5.59 billion in the March quarter. This acquisition is expected to strengthen the company's recycling and manufacturing business and improve margin for the June quarter. The copper business contributed INR 518 million to Gravita's revenues in the March quarter.

Gravita India' earnings before interest, tax, depreciation, and amortisation are estimated at INR 1.41 billion for the June quarter, up 26% on year and up 25 % sequentially, according to the average of six estimates. The highest estimate of the company's EBITDA is INR 1.46 billion from Emkay Global and the lowest is INR 1.37 billion by ICICI Securities.

Brokerages expect the company's EBITDA to improve in the June quarter, aided by better product realisations and the addition of higher-margin copper business. The company's lead volumes are likely to be lower and its EBITDA margin is likely to contract on a year-on-year basis in the June quarter due to elevated freight costs and lower exports to Dubai and Qatar, among others. 

Gravita will detail its June quarter earnings on Monday. Investors will closely watch company's guidance on the integration and performance of the copper recycling business, capacity expansion plans, and the impact of geopolitical developments on export markets. Friday, shares of Gravita India closed at INR 1,775.70 apiece on the National Stock Exchange, up over 1% from Thursday. The shares are up slightly since the company detailed its March quarter earnings on May 8.

All five research reports on the company available with Informist have a "buy" recommendation on the stock. The average target price of the buy call is INR 2,229 per share, which is more than 25% higher than the current market price.

Following are the Apr-Jun earnings estimate for Gravita India from seven brokerages in descending order by estimate of net profit, in INR million:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Pankaj Aher

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