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Net revenue up by 29% in FY 2013-14

Gravita reports Standalone and Consolidated audited results for the year ended 31st March 2014

  • Highest ever annual sales of Lead and Lead products in FY’14
  • Net Revenue of the Group for the FY 14 registered a growth of 29% at Rs 51717.96 Lacs
  • Company focusing on horizontal as well as vertical expansions during the FY 2014-15

Gravita India Limited on Thursday declared its Consolidated and Standalone Financial Results for the financial year and fourth quarter ended 31st March 2014. There was a marked improvement in profitability as the Group net profits for the fourth quarter ended 31st March 2014 rose to Rs 902.64 Lacs from Rs 834.06 lacs in the previous quarter. Similarly for the full year ended 31st March 2014 the underlying Net Profit came at Rs 2132.17 Lacs compared to the underlying Net Profit of Rs 1903.56 Lacs for the year ended 31st March 2013. The improved and steady performance across geographies, despite weak market conditions and rising dollar, led to this improved group performance.

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