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02 SEPTEMBER 2017 AL CIRCLE

New aluminium business boosts Gravita India’s Q1FY18 net profit

EDITED BY : HEENA IQBAL 1MINS READ

Gravita India, one of the largest non-ferrous metal producers in India, announced increased net profit and revenue for the Q1FY18. The improved revenue was due to the addition of new aluminium business and other added capacity.

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The company’s Q1FY18 consolidated net profit increased 47.3 percent to INR 10.9 crore, from INR 7.4 crore a year ago. Gravita India’s revenue soared 46 per cent to INR 201.5 crore in Q1FY18, from INR 138 crore year-on year.

Consolidated EBITDA was at INR 18.9 crore, from INR 11.1 crore year-on-year and consolidated EBITDA Margin was at 10 per cent from 8.4 per cent year-on year.

Gravita has state-of-the-art nonferrous metals processing unit .The company carry out smelting of lead ore / lead concentrate / lead battery scrap and aluminium scrap to produce secondary lead metal and aluminium ingots. Gravita Aluminium is the manufacturer and exporter of aluminium alloy ingots.


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EDITED BY : HEENA IQBAL 1MINS READ

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