Gravita India surges on reporting 22% rise in Q3 consolidated net profit
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Gravita India is currently trading at Rs. 461.35, up by 3.20 points or 0.70% from its previous closing of Rs. 458.15 on the BSE.
The scrip opened at Rs. 460.15 and has touched a high and low of Rs. 464.95 and Rs. 441.60 respectively. So far 62234 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 474.55 on 19-Jan-2023 and a 52 week low of Rs. 230.95 on 12-Jul-2022.
Last one week high and low of the scrip stood at Rs. 474.55 and Rs. 438.55 respectively. The current market cap of the company is Rs. 3176.43 crore.
The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 3.70% and 23.31% respectively.
Gravita India has reported results for third quarter ended December 31, 2022.
The company has reported rise of 125.81% in its net profit at Rs 17.32 crore for Q3FY23 as compared to Rs 7.67 crore for the corresponding quarter previous year. Total income of the company increased by 50.35% to Rs 707.10 crore for the quarter under review as compared to Rs 470.31 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 22.23% in its net profit at Rs 50.47 crore for Q3FY23 as compared to Rs 41.29 crore for the same quarter in the previous year. Total income of the company increased by 41.49% to Rs 793.03 crore for the quarter under review as compared to Rs 560.47 crore for the same quarter in the previous year.
