Stock Tips Expert report says Consolidated net profit of Recycling Company Gravita India Ltd, in the fourth quarter of fiscal year 2018, increased by 18.94 percent to Rs 11.11 crore. Last year, the company's consolidated net profit was at Rs 9.34 crores in the same quarter. At the same time, the company's income was Rs 362.44 crores.
Income increased 70.44 percent
- In the fourth quarter, the company's income increased by 70.44 percent to Rs 362.44 crore. The company's income in the same quarter last year was Rs 212.65 crores.
- During the financial year 2018, the company's total sales stood at Rs 1029.48 crores, which is 50 percent more than the previous year. Sales in the last financial year were 688.14 crores.
- In the fourth quarter, EBITDA rose 41.29 percent to Rs 24.99 crore compared to Rs 19.20 crore last year.
250 Crore Order Receipt
According to the Rudra Investment Stock Tips Expert report, Jaipur's Recycling Company, Gravita India, has recently received an order of 250 million rupees from Luminous Power Technologies, the company of European Snyder Group. Apart from this, the company has received an order of 300 million for the supply of 18,000 metric tonnes of pure lead and lead bullion from Ken Resources Pvt Ltd Singapore.
The company has recently started production of red lead oxide and PPCP granules and this month the credit rating of the company has improved. The company has also signed an agreement to supply 800 metric tonne of lead along with Amara Raja Batris.
Income increased 70.44 percent
- In the fourth quarter, the company's income increased by 70.44 percent to Rs 362.44 crore. The company's income in the same quarter last year was Rs 212.65 crores.
- During the financial year 2018, the company's total sales stood at Rs 1029.48 crores, which is 50 percent more than the previous year. Sales in the last financial year were 688.14 crores.
- In the fourth quarter, EBITDA rose 41.29 percent to Rs 24.99 crore compared to Rs 19.20 crore last year.
250 Crore Order Receipt
According to the Rudra Investment Stock Tips Expert report, Jaipur's Recycling Company, Gravita India, has recently received an order of 250 million rupees from Luminous Power Technologies, the company of European Snyder Group. Apart from this, the company has received an order of 300 million for the supply of 18,000 metric tonnes of pure lead and lead bullion from Ken Resources Pvt Ltd Singapore.
The company has recently started production of red lead oxide and PPCP granules and this month the credit rating of the company has improved. The company has also signed an agreement to supply 800 metric tonne of lead along with Amara Raja Batris.
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