Integrated Filing — IndAS

General information about company
Scrip Code	533282
NSE Symbol	GRAVITA
MSEI Symbol	NOTLISTED
ISIN	INE024L01027
Name of company	GRAVITA INDIA LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	02-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	25-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Lead
Start date and time of board meeting	02-May-2025   11:00:00
End date and time of board meeting	02-May-2025   17:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-22
Indicate Company website link for updated RPT policy of the Company	https://www.gravitaindia.com/Upload/PDF/Related-Party-Transaction-policy-(RPT).pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8602900000	32227700000
	Other income	222000000	472100000
	Total income	8824900000	32699800000
2	Expenses
(a)	Cost of materials consumed	5739100000	25316300000
(b)	Purchases of stock-in-trade	682500000	2678900000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	874300000	-149000000
(d)	Employee benefit expense	260600000	1140100000
(e)	Finance costs	11000000	221900000
(f)	Depreciation, depletion and amortisation expense	39000000	151900000
(f)	Other Expenses
1	Other Expenses	307900000	1010500000
	Total other expenses	307900000	1010500000
	Total expenses	7914400000	30370600000
3	Total profit before exceptional items and tax	910500000	2329200000
4	Exceptional items	0	0
5	Total profit before tax	910500000	2329200000
6	Tax expense
7	Current tax	153900000	398800000
8	Deferred tax	21400000	-10900000
9	Total tax expenses	175300000	387900000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	735200000	1941300000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	735200000	1941300000
17	Other comprehensive income net of taxes	-14700000	-11900000
18	Total Comprehensive Income for the period	720500000	1929400000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	147600000	147600000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	9.96	27.58
	Diluted earnings (loss) per share from continuing operations	9.96	27.58
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	9.96	27.58
	Diluted earnings (loss) per share from continuing and discontinued operations	9.96	27.58
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		1.ThestandalonefinancialresultsoftheCompanyforthequarterandyearendedMarch31,2025respectively,havebeenreviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsatitsmeetingheldonMay01,2025andMay02,2025respectively.Thestatutoryauditorshaveexpressedamodifiedopinioninauditreportonthesestandalonefinancialresults.ThesefinancialresultshavebeenpreparedinaccordancewiththerecognitionandmeasurementprinciplesofapplicableIndianAccountingstandards notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) as specified in Section 133 of the Companies Act, 2013. n n2.SegmentinformationhasbeenprovidedunderthenotesformingpartoftheconsolidatedauditedresultsforthequarterandyearendedMarch31,2025asperpara4ofIndian Accounting Standard (Ind AS) 108 “Operating Segments”, specified under Section 133 of the Companies Act, 2013. n n3.AsatMarch31,2025,9,99,899shares(March31,2024:1,000,000shares)offacevalueofRs.2each,areheldby GravitaEmployeeWelfareTrust. Further,theproceedsfrom the sale of 101 shares, net of liability payable by the Gravita Employee Welfare Trust, will be used for the benefits of the employees of the Company. n n4.DuringthecurrentyearendedMarch31,2025,theCompanydidQualifiedInstitutionalPlacement(QIP)of47,70,537EquitySharesofthefacevalueofRs.2eachatapremiumofRs.2,094.20pershareaggregatingtoRs.1,000croresforcertainpurposesasstatedinthePlacementDocument.OutoftheaboveQIPproceeds,Rs726.64croreshavebeenutilisedfortherepaymentofborrowings,purchaseoffixedassets,workingcapitalrequirement,paymentofshareissueexpensesandgeneralcorporatepurpose and the balance has been temporarily invested pending utilisation as on March 31, 2025. n n5.DuringtheyearendedMarch31,2025,theCompanyhasrecognisedMinimumAlternateTaxcreditamountingtoRs4.61crores,basedonthemanagement'sestimateoffuture taxable profits. n nOther Notes are attached in the PDF format of financial results as there is limitation of words.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2088300000
	Capital work-in-progress	253200000
	Investment property	0
	Goodwill	0
	Other intangible assets	70200000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	453600000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	46900000
	Total non-current financial assets	500500000
	Deferred tax assets (net)	150400000
	Other non-current assets	111000000
	Total non-current assets	3173600000
2	Current assets
	Inventories	4313700000
	Current financial asset
	Current investments	4881900000
	Trade receivables, current	2035000000
	Cash and cash equivalents	518700000
	Bank balance other than cash and cash equivalents	2270900000
	Loans, current	60000000
	Other current financial assets	868100000
	Total current financial assets	10634600000
	Current tax assets (net)	0
	Other current assets	388400000
	Total current assets	15336700000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	18510300000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	147600000
	Other equity	15803800000
	Total equity attributable to owners of parent	15951400000
	Non controlling interest
	Total equity	15951400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	24800000
	Total non-current financial liabilities	24800000
	Provisions, non-current	102100000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	83000000
	Total non-current liabilities	209900000
	Current liabilities
	Current financial liabilities
	Borrowings, current	83600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	67300000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1569500000
	Total Trade payable	1636800000
	Other current financial liabilities	356800000
	Total current financial liabilities	2077200000
	Other current liabilities	215200000
	Provisions, current	50300000
	Current tax liabilities (Net)	6300000
	Deferred government grants, Current	0
	Total current liabilities	2349000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2558900000
	Total equity and liabilites	18510300000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit liabilities	-22700000	-34000000
	Total Amount of items that will not be reclassified to profit and loss	-22700000	-34000000
2	Income tax relating to items that will not be reclassified to profit or loss	-8000000	-11900000
3	Amount of items that will be reclassified to profit and loss
1	Change in fair value of hedging instruments	0	15700000
	Total Amount of items that will be reclassified to profit and loss	0	15700000
4	Income tax relating to items that will be reclassified to profit or loss	0	5500000
5	Total Other comprehensive income	-14700000	-11900000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2329200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			221900000
	Adjustments for decrease (increase) in inventories			536100000
	Adjustments for decrease (increase) in trade receivables, current			106900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-198000000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-105100000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-248300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-142200000
	Adjustments for increase (decrease) in other non-current liabilities			-17000000
	Adjustments for depreciation and amortisation expense			151900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			9300000
	Adjustments for provisions, current			54400000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-370500000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			117600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-66000000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-39200000
	Other adjustments to reconcile profit (loss)			9000000
	Other adjustments for non-cash items			24300000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			-18700000
	Total adjustments for reconcile profit (loss)			-208800000
	Net cash flows from (used in) operations			2120400000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			440400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1680000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			5100000
	Purchase of property, plant and equipment			479900000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			60000000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			118000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-7408300000
	Net cash flows from (used in) investing activities	-7825100000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			9814900000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-2479600000
	Repayments of borrowings			83700000
	Payments of lease liabilities			6600000
	Dividends paid			359000000
	Interest paid			225100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			6660900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			515800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			515800000
	Cash and cash equivalents cash flow statement at beginning of period			2900000
	Cash and cash equivalents cash flow statement at end of period			518700000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)

Text Block
Textual Information(1)	As stated in note 6 to the accompanying Statements, during the previous year ended 31 March 2024, the Company had not accounted for the employee benefit expenses related to gain on sale of certain treasury shares of the Company held by Gravita Employee Welfare Trust pursuant to the Gravita Stock Appreciation Rights Scheme, 2017 (the 'Scheme') terminated during the year ended 31 March 2024. As explained in the said note, proceeds from sale of such treasury shares, net of liability of the Trust, if any, were proposed to be used for the welfare of the employees, as required under applicable statutory regulations and as per the terms of the trust deed. In our view, the Company should have accounted for such gain on sale of treasury shares under 'Other Equity' and such benefits to be given to employees as employee benefit expenses in accordance with the principles of Ind AS 32- Financial Instruments: Presentation and Ind AS 102 - Share Based Payments, respectively. n nHad the Company accounted for the aforesaid transaction in accordance with the requirements as stated above, employee benefit expenses would have been higher by Rs. 20.67 crores and profit before tax and total comprehensive income would have been lower by Rs. 20.67 crores for the year ended 31 March 2024, respectively, however there would have been no impact on 'Other Equity' of the Company as on such date. n nOur audit opinion on the standalone financial results of the Company for the year ended 31 March 2024 was qualified in respect to this matter. n nConsequently, our opinion on the accompanying Statement is also qualified because of the effects of this matter on the comparability of current period figures with the corresponding figures of employee benefit expenses and total comprehensive income for the year ended 31 March 2024 presented in the accompanying statement.
Textual Information(2)	During the previous year ended March 31, 2024, 380,500 shares of face value of Rs. 2 each of the Company, held by the Gravita Employee Welfare Trust ('the Trust'), had been sold in the open market and the proceeds from the sale of such shares, net of liability payable by the Trust, would be utilised for the welfare of the employees of the Group as per the requirement of the Trust Deed. The Company had no legal right or control towards the utilization of funds as accumulated in the Trust by sale of its investment in the open market. The Trust being an independent entity has sole responsibility / obligation to utilize the fund for the welfare of beneficiaries (employees) as per the terms of the trust deed. Ind AS 32 Financial Statements Presentation requires that no gain or loss shall be recognised in profit or loss on the purchases, sale, issue or cancellation of treasury shares held by the entity or by other entities of the consolidated group. Any gain or loss on such treasury shares shall be recognised directly in other equity. Since, the shares of the Company are held by the Trust which is an independent entity, the said Ind AS 32 is not applicable to the Company. Ind AS 102 Share-based payment requires an entity to reflect in its profit or loss and financial position, the effects of share-based payment transactions, including expenses associated with the transactions in which share options are granted to employees. n nDuring the previous year ended 31 March 2024, the Gravita Stock Appreciation Rights Scheme, 2017 (the 'Scheme') had been terminated. Post termination of the Scheme, the Trust has no obligation to make payment under any share- based payment scheme. The Trust will act independently and make distribution/usage of fund as per the purpose defined in the trust deed. For the aforesaid reason, the management of the Company is of the view that distribution/utilisation for the employee benefits, equivalent to appreciation, net of liability of Trust, if any, received by the Trust by selling the investment in the open market amounting to Rs. 20.67 crores, would not be recognized in Companys standalone financial results, as the transaction was not covered under Ind AS 102. The Company believes that all the appreciation on sale of such shares by the Trust pertains to the employees of the Company and will be utilised for the welfare of the employees by the Trust and there would not be any impact on the standalone financial results for the previous year ended March 31, 2024. Based on the independent legal opinion and its assessment, management of the Company is of the view that accounting treatment had been done appropriately in the standalone financial results for the previous year ended March 31, 2024. n nThe Employee Welfare Trust has sold 101 shares of the Company in the open market during the year ended March 31, 2025. n nThe statutory auditors of the Company have modified their audit report on account of the effects of this matter on the comparability of current period figures with the corresponding figures of employee benefit expenses and total comprehensive income for the year ended March 31, 2024 presented.
Textual Information(3)	NA
Textual Information(4)	NA
Textual Information(5)	NA

Signatory Details
Name of signatory	YOGESH MALHOTRA
Designation of person	CEO
Place	Jaipur
Date	02-May-2025