Deriving Value from Waste through Modern Recycling and Recovery
Management Commentary & Business Outlook
GRAVITA
We recycle to save environment
"Gravita is strongly progressing towards achieving its ambitious Clear
Vision 2027 focusing on diversifying into new business verticals, attaining a
revenue cagr and profitability growth of 25%+ and 35%+. Our strategies of
expanding the capacities, increasing the proportion of value-added
products and back to back hedging for risk mitigation has shown results in
the form of strong and sustainable margins. We are confident that, with
the same level of commitment and teamwork, we will achieve our mission
to Rank among the top five global recycling companies by 2026.
Coming to Q3 & 9MFY24 performance, I am pleased to report that our
company has delivered a strong financial & operational performance.
Volumes, Revenue, EBITDA and PAT for nine months have increased
by 5%, 12%, 19% and 24% resp. ROCE and proportion of Value-added
products for 9MFY24 stood strong at 26% and 47% respectively. With the
support of all the stakeholders, we are confident that we will be able to
achieve our Vision 2027"
Yogesh Malhotra
Whole Time Director & CEO
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