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Gravita India Q2FY18 Result update
Updated: Nov 23, 2017
November 21, 2017 | PM Securities
Abridged Q2FY18 Results (Consolidated)
Highlights during the Quarter
1. Commenced commercial production of PET Flakes at its new Recycling Plant at Jamaica with an annual capacity of 4800 MTPA.
2. Gravita honoured with World Non-Ferrous Award by MTLEXS for being ‘The Best Performing Company’ in Non-ferrous Metals Sector on September 8, 2017.
3. Expansion in production capacity of its existing Lead recycling unit situated at Chittoor, Andhra Pradesh by 16000 MTPA and as on date the total capacity of this unit is 28000 MTPA.
Source: Adfactors PR Email communiqué.
Consolidated Financial Performance for Q2FY18 vs Q2FY17
Revenue of Rs. 224.67 crore v/s. 161.92 crore [ 39%]
EBITDA before exceptional items of Rs.25.77 crore v/s. Rs. 11.95 crore [ 116%]
PAT at Rs. 13.38 crore v/s. Rs. 8.53 crore [ 57 %] EPS of Rs. 1.95 v/s. EPS of Rs. 1.25
Go to PM Securities Initiating coverage report on Gravita India: https://goo.gl/B8Awrz
Disclaimer
This document has been prepared and compiled from reliable sources. While utmost care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the Company nor any of its Directors, Officers or Employees shall in any way be responsible for the contents. The Company, its Directors, Officers or Employees may have a position or may otherwise be interested in the investment referred in this document. This is not an offer or solicitation to buy, sell or dispose off any securities mentioned in this document.
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