Gravita India trades jubilantly on the BSE
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Gravita India is currently trading at Rs.556.80, up by 46.00 points or 9.01% from its previous closing of Rs. 510.80 on the BSE.
The scrip opened at Rs. 517.10 and has touched a high and low of Rs. 550.00 and Rs. 513.55 respectively. So far 78567 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 558.95 on 03-May-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. 558.95 and Rs. 494.60 respectively. The current market cap of the company is Rs. 3704.92 crore.
The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 3.33% and 23.67% respectively.
Gravita India has reported 4- fold jump in its net profit at Rs 51.07 crore for fourth quarter ended March 31, 2023 as compared to Rs 12.31 crore for the same quarter in the previous year. Total income of the company increased by 27.70% at Rs 718.76 crore for Q4FY23 as compared to Rs 562.83 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 40.33% rise in its net profit at Rs 63.99 crore for fourth quarter ended March 31, 2023 as compared to Rs 45.60 crore for the same quarter in the previous year. Total income of the company increased by 16.00% at Rs 772.06 crore for Q4FY23 as compared to Rs 665.55 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported above 2- fold jump in its net profit at Rs 101.15 crore as compared to Rs 39.75 crore for the previous year. Total income of the company increased by 35.90% at Rs 2584.11 crore for year under review as compared to Rs 1901.47 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 37.48% rise in its net profit at Rs 204.09 crore as compared to Rs 148.45 crore for the previous year. Total income of the company increased by 30.13% at Rs 2893.68 crore for year under review as compared to Rs 2223.71 crore for year ended March 31, 2022.
