Gravita India Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 19, 2021 at 01:34 pm
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Gravita India Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 4,330.226 million compared to INR 3,791.192 million a year ago. Net income was INR 213.511 million compared to INR 126.136 million a year ago. Basic earnings per share from continuing operations was INR 3.15 compared to INR 1.83 a year ago. For the full year, total revenue was INR 14,169.197 million compared to INR 13,487.945 million a year ago. Net income was INR 524.815 million compared to INR 331.795 million a year ago. Basic earnings per share from continuing operations was INR 7.72 compared to INR 4.82 a year ago.
Gravita India Limited is engaged in lead processing, aluminum processing, trading lead products and aluminum scrap, and dealing in turn-key lead recycling projects. The Company's segments include Lead processing, Aluminum processing, Turn-key solutions, and Plastic manufacturing. Its Lead processing segment includes smelting of lead battery scrap / lead concentrate to produce secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides, including lead sub-oxide, red lead and litharge, and lead products, such as lead sheets, lead powder, lead shot and others. Its Aluminum processing segment includes trading of taint tabor and tense aluminum scraps, and manufacturing of alloys from melting of aluminum scrap. Its Turn-key solution segment includes a complete supply of plant and machinery related to lead manufacturing plants. It globally operates in Ghana, Senegal, Mozambique, Tanzania, Sri Lanka, Nicaragua, and Singapore.