Gravita India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 31, 2023 at 07:32 am EDT
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Gravita India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 8,361.8 million compared to INR 6,826.9 million a year ago. Revenue was INR 8,503.1 million compared to INR 6,896.1 million a year ago. Net income was INR 578.6 million compared to INR 445.7 million a year ago. Basic earnings per share from continuing operations was INR 8.52 compared to INR 6.59 a year ago. Diluted earnings per share from continuing operations was INR 8.52 compared to INR 6.59 a year ago.
For the six months, sales was INR 15,395.7 million compared to INR 12,623.9 million a year ago. Revenue was INR 15,770.5 million compared to INR 13,196.2 million a year ago. Net income was INR 1,099.4 million compared to INR 870.9 million a year ago. Basic earnings per share from continuing operations was INR 16.22 compared to INR 12.87 a year ago. Diluted earnings per share from continuing operations was INR 16.22 compared to INR 12.87 a year ago.
Gravita India Limited is engaged in lead processing, aluminum processing, trading lead products and aluminum scrap, and dealing in turn-key lead recycling projects. The Company's segments include Lead processing, Aluminum processing, Turn-key solutions, and Plastic manufacturing. Its Lead processing segment includes smelting of lead battery scrap / lead concentrate to produce secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides, including lead sub-oxide, red lead and litharge, and lead products, such as lead sheets, lead powder, lead shot and others. Its Aluminum processing segment includes trading of taint tabor and tense aluminum scraps, and manufacturing of alloys from melting of aluminum scrap. Its Turn-key solution segment includes a complete supply of plant and machinery related to lead manufacturing plants. It globally operates in Ghana, Senegal, Mozambique, Tanzania, Sri Lanka, Nicaragua, and Singapore.
GRAVITA INDIA LIMITED 
