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Gravita India FY18 PAT up 48 per cent

By Niranjan Mudholkar,

Added 29 May 2018

FY18 Profit after Tax up to 45.21 cr. vs.30.54 cr. in FY 17

Gravita India Limited (NSE: GRAVITA, BSE: 533282), a leading recycling multinational company declared its financial results for the quarter and financial year ended March 31, 2018. Gravita's Profit After Tax surged to Rs.11.11 crore as against Rs. 9.34 crore for the corresponding quarter last year. PAT margin stood at 3.07 % in Q4 FY18 versus 4.39 % in Q4 FY17. Commenting on the results, Rajat Agrawal, MD at Gravita India said, "We are pleased to announce the results and they are in-line with our expectations. Our recently commissioned commercial production of Lead Tetra Oxide at Jaipur and PPCP Granules Lines at Chittoor plant; the recent order-win from Singapore will strengthen our top line and bottom line in FY18-19."

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