Q2 2025 Gravita India Ltd Earnings Call Transcript
Key Points
- Gravita India Ltd (BOM:533282) reported a consolidated revenue increase of 19% for H1 FY25, reaching INR 1,835 crores.
- The company achieved a significant growth in consolidated adjusted EBITDA, which rose by 30% year-on-year to INR 192.72 crores.
- Gravita's step-down subsidiary, Gravita Netherlands, signed an MOU to acquire a waste rubber recycling plant in Romania, marking its first recycling facility in Europe.
- The company is making steady progress towards its goal of increasing its capacity to over five lakh metric tons per annum by FY27.
- Gravita India Ltd is strategically advancing its ESG roadmap, aiming to integrate ESG principles into its operations and decision-making processes.
- The volume growth for Q2 FY25 was only 8%, which is lower than expected, partly due to the diversion of materials from overseas to India.
- The company faces challenges in the plastic segment, with quarterly volumes remaining in the range of 3,000 to 4,000 tons due to product development delays.
- There is uncertainty regarding the implementation of the reverse charge mechanism for battery scrap, which could impact future operations.
- The company plans to raise up to INR 1,000 crores, but the timing and necessity of this fundraise are uncertain and dependent on future opportunities.
- Gravita India Ltd's reliance on imported scrap remains high, although domestic scrap availability is increasing.
Ladies and gentlemen, good day, and welcome to Gravity India Limited Q2 FY25 earnings conference call hosted by Antique Stock broking. (Operator Instructions)
I now hand the conference over to Mr Dinesh Karia from Antique Stock broking. Thank you and over to you, sir.
Yes. Thank you, Dell. Good morning everyone and thank you for joining the 2Q FY25 post results conference call of Gravita India. I would like to thank the management for giving Antique Stock Broking the opportunity to host the call. From the management we have Mr. Yogesh Malhotra director and CEO, Mr. Sunil Kansal, director and CFO, and executive directors Mr. Vijay Parik, and Naveen Sharma. Without further ado I now hand over the call to management for their opening remarks, post which we shall open the call for QN. Thank you and over to you Sir.
Thank you, Mr Dinesh. Good afternoon, ladies and gentlemen, and welcome to our Q2 and H1 FY25 earnings call.
I trust you have had the chance to go through the earnings presentation and
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