Gravita India Q2 FY27 Revenue Up 38% YoY

The document is a regulatory filing containing the transcript of the Q2 FY27 Earnings Conference Call for Gravita India Limited, held on October 28, 2026.
The call was hosted by Antique Stock Broking Limited and featured management participants including Mr. Yogesh Malhotra (Whole-Time Director and CEO), Mr. Sunil Kansal (Whole-Time Director and CFO), Mr. Naveen Sharma (Executive Director, Non-Board member), and Mr. Anant Jain (Investor Relations).
The purpose of the event was to discuss the company's financial results and business performance for the quarter and half-year ended September 30, 2026, as well as provide strategic updates.
The company indicated that their investor presentation had been uploaded to the stock exchanges prior to the call.

H1 FY27 Performance: Revenue grew 40% YoY, EBITDA grew 29% YoY, and PAT grew 10% YoY.
Q2 FY27 Performance: Revenue increased 38% YoY to ₹1,427 crores. Adjusted EBITDA increased 28% YoY to ₹143.37 crores (EBITDA margin >10%). PAT grew 6% YoY to ₹102 crores (PAT margin >7%).
Volume Performance: Total volumes increased 3% YoY to 52,199 metric tons in Q2 FY27. Value-added products contributed 64% of total sales in H1 FY27.
Segment EBITDA per ton (Q2 FY27): Lead: ₹22,620; Aluminum: ₹22,664; Plastic: ₹10,334; Copper: ₹84,671.
RMIL Contribution: Contributed ₹420 crores to consolidated revenue in Q2 FY27 with an EBITDA margin of 8.5%.
Capacity Utilization: Copper segment operated at 50% capacity utilization during H1 FY27.

Copper Expansion: Planning to add 59,200 MTPA copper recycling capacity in Mundra with investment of ~₹64 crores (commissioning by March 2029). Mandvi copper recycling facility (29,400 MTPA) with investment of ~₹160 crores on track for commissioning within 12 months.
RMIL Investment: Approved additional investment of ~₹94.42 crores to subscribe to rights issue of Rashtriya Metal Industries Limited.
Lithium-ion Battery Recycling: Positioned as key future growth segment as EV adoption increases.
US Subsidiary: Board approved incorporation of Gravita Recyclers USA, Inc. with initial capital of $50,000 to establish scrap procurement network.
Capex Plan: Total capital expenditure of ₹1,680 crores through FY29, with ₹815 crores for existing businesses and balance for new verticals.

Scrap Sourcing: Geopolitical developments and logistic disruptions impacted availability and movement of recyclable materials, particularly from Gulf region.
Domestic Sourcing: Reverse charge mechanism for electrical and electronic waste scrap expected to enhance domestic procurement significantly.
Volume Outlook: Management expects lead business volumes to improve from Q3 FY27 onwards with new sourcing geographies and domestic market response.
Growth Guidance: Lead business expected to grow at 18-20% CAGR volume growth over next three years.
Copper Margins: Sustainable EBITDA per kg expected at ₹65-70 in short term, potentially rising to ₹80-90 with full integration.

The transcript was filed pursuant to Regulation 30 and 46 read with Clause 15 of Para A of Part A of Schedule III of SEBI LODR Regulations, 2015.
The document contains the full Q&A session from analysts covering topics including scrap sourcing challenges, segment performance, hedging activities, and regulatory impacts.