Gravita India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 23, 2024 at 03:47 am EST
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Gravita India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,577.7 million compared to INR 7,892.8 million a year ago. Revenue was INR 7,732.1 million compared to INR 7,840.6 million a year ago. Net income was INR 602.7 million compared to INR 502 million a year ago. Basic earnings per share from continuing operations was INR 8.74 compared to INR 7.42 a year ago. Diluted earnings per share from continuing operations was INR 8.74 compared to INR 7.42 a year ago.
For the nine months, sales was INR 22,973.4 million compared to INR 20,516.7 million a year ago. Revenue was INR 23,502.6 million compared to INR 2,121,620 million a year ago. Net income was INR 1,702.1 million compared to INR 1,372.9 million a year ago. Basic earnings per share from continuing operations was INR 24.96 compared to INR 20.29 a year ago. Diluted earnings per share from continuing operations was INR 24.96 compared to INR 20.29 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 
