Gravita India reports 40% rise in Q4 consolidated net profit

02 May 2023 Evaluate


Gravita India has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 4- fold jump in its net profit at Rs 51.07 crore for the quarter under review as compared to Rs 12.31 crore for the same quarter in the previous year. Total income of the company increased by 27.70% at Rs 718.76 crore for Q4FY23 as compared to Rs 562.83 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 40.33% rise in its net profit at Rs 63.99 crore for the quarter under review as compared to Rs 45.60 crore for the same quarter in the previous year. Total income of the company increased by 16.00% at Rs 772.06 crore for Q4FY23 as compared to Rs 665.55 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported above 2- fold jump in its net profit at Rs 101.15 crore as compared to Rs 39.75 crore for the previous year. Total income of the company increased by 35.90% at Rs 2584.11 crore for year under review as compared to Rs 1901.47 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 37.48% rise in its net profit at Rs 204.09 crore as compared to Rs 148.45 crore for the previous year. Total income of the company increased by 30.13% at Rs 2893.68 crore for year under review as compared to Rs 2223.71 crore for year ended March 31, 2022.


Gravita India Share Price

1597.00 -5.90 (-0.37%)
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