Quarterly Result27 Jul 2026, 04:13 pm
Gravita India Ltd Declares Unaudited Q1 FY27 Results
AI Summary
Gravita India Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the closure of operations of its subsidiary, Gravita Metal Inc., effective August 1, 2026. The closure is due to operational and cost efficiencies at the company's Jaipur facility. The subsidiary's turnover was ₹92.24 Crores, net worth ₹1.00 Crore, and PAT ₹1.63 Crores as of March 31, 2026. Management expects no material impact on the company's financial position.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Board approved closure of subsidiary Gravita Metal Inc.
- Closure effective August 1, 2026.
- Closure aims for operational and cost efficiencies.
- No material impact expected on company's financials.
Price Impact
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