Gravita India Q3 FY26: PAT ₹97.49 crore, clean audit

Key takeaway from the December 2025 quarter

Gravita India’s latest reported numbers for the period ended December 31, 2025 show steady profitability with mixed quarter-on-quarter movement in income and margins. The company also received unqualified independent auditor’s review reports for both standalone and consolidated unaudited quarterly and nine-month financial results for the period. Alongside the earnings, the company’s earlier fund-raise through a Qualified Institutional Placement (QIP) and a sharp year-on-year rise in investing cash outflows provide additional context for how it is deploying capital.

Consolidated Q3 FY26: revenue and profit snapshot

For Q3 FY26, the summary figures cited in the source show consolidated revenue at ₹1,017.07 crore, profit before tax (PBT) at ₹115.09 crore, and profit after tax (PAT) at ₹97.49 crore. On a standalone basis for the same quarter, revenue was reported at ₹863.79 crore, PBT at ₹90.29 crore, and PAT at ₹72.18 crore. These numbers position the consolidated business as the primary driver of overall profitability for the quarter.

Clean auditor review for standalone and consolidated results

The independent auditor’s review reports for both standalone and consolidated unaudited quarterly and nine-month financial results for the period ended December 31, 2025 were described as unqualified. The auditor’s notes were also summarised as a clean review with no modifications. For investors, an unqualified review typically indicates that the auditors did not flag material misstatements in the reviewed financial information, based on the scope of a review engagement.

Quarterly trendlines: income, expenses, EBIT, and PAT

The quarterly dataset shared in the source tracks total income, total expenses, EBIT, and PAT across Dec 2024 to Dec 2025. Total income in Dec 2025 was ₹1,028.76 crore versus ₹1,061.82 crore in Sep 2025 and ₹1,072.82 crore in Mar 2025. Over the same sequence, total expenses were ₹907.13 crore in Dec 2025 compared with ₹942.72 crore in Sep 2025 and ₹952.63 crore in Mar 2025.

Operating performance, as reflected by EBIT, was ₹121.63 crore in Dec 2025 versus ₹119.10 crore in Sep 2025 and ₹120.19 crore in Mar 2025. PAT for Dec 2025 was ₹97.67 crore compared with ₹95.99 crore in Sep 2025 and ₹95.13 crore in Mar 2025. The source also flags that quarterly profits look inconsistent across results, which is visible in the period-to-period changes in growth rates.

Margins and EPS: what the quarter indicates

Margins in the provided quarterly table show EBIT margin at 11.82% in Dec 2025, up from 11.22% in Sep 2025, while net profit margin was 9.49% in Dec 2025 versus 9.04% in Sep 2025. In Mar 2025, net profit margin was reported at 8.87%.

Basic EPS (₹) in the same table was 13.41 in Dec 2025, 13.18 in Sep 2025, and 13.04 in Mar 2025. These figures broadly align with the PAT stability seen across the listed quarters, even as revenue and expense growth rates vary.

Capital actions: QIP fund-raise during FY25

During FY25, the company completed a Qualified Institutional Placement (QIP) raising ₹1,000 crore. The source notes issue expenses of ₹18.40 crore, adjusted against securities premium, with the raise presented net of these expenses. This disclosure matters because it clarifies the scale of equity capital raised and how associated costs were treated in the accounts.

Cashflow: investing outflow rose sharply YoY

The consolidated financials referenced in the source state the company used ₹863.63 crore for investing activities, a year-on-year increase of 447.26%. While the underlying project or asset-level split is not provided in the text, the magnitude and growth rate indicate a materially higher investing cash outflow compared with the previous year.

Stock and valuation indicators mentioned in the source

The source lists valuation multiples for Gravita India with a price-to-earnings (PE) ratio of 32.11 and a price-to-book (PB) ratio of 5.9. It also notes a one-week share price move up by 2.67%.

On the price tape, one snapshot shows Gravita India Ltd share price at ₹1,827, with Open ₹1,824.1, Previous Close ₹1,886.6, High ₹1,888, Low ₹1,818.4, 52-week High ₹2,700, and 52-week Low ₹1,379.65. Separately, another snapshot shows GRAVITA at ₹1,591.00, down ₹41.30 (-2.53%), as on 20-Feb-2026 16:00:00 IST.

Business context: what Gravita India does

The source describes Gravita India as established in 1992 and among the largest lead producers in India. Its business is organised across four verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling, and Turnkey projects. This mix provides context for why consolidated results and investing cashflows can matter, particularly if capacity, collection networks, or processing assets are being expanded.

Key numbers table: quarter-wise summary shared

Why the update matters for investors

Two elements stand out from the information provided. First, the unqualified auditor review for the Dec 31, 2025 period reduces uncertainty around the presented quarterly and nine-month unaudited results. Second, the combination of a large QIP in FY25 and a reported ₹863.63 crore investing cash outflow (up 447.26% YoY) suggests an active capital deployment phase, which investors typically track alongside margins and profitability stability.

The quarterly table also shows that while total income eased in Dec 2025 versus Sep 2025, PAT rose modestly quarter-on-quarter, and both EBIT and net profit margins improved compared with the immediately preceding quarter. At the same time, the text highlights inconsistent quarterly profits across results, indicating that investors may need to pay close attention to quarter-wise movements rather than relying only on annualised impressions.

Conclusion

Gravita India’s reported Q3 FY26 snapshot shows consolidated PAT of ₹97.49 crore and a clean, unqualified auditor review for the period ended December 31, 2025. Along with quarterly margin data, the FY25 QIP of ₹1,000 crore and the sharp rise in investing outflows to ₹863.63 crore provide the main signposts investors are likely to track in subsequent updates.