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	Consolidated
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	Multi segment
Description of single segment
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

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	Consolidated	Consolidated
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	10370700000	38687700000
	Other income	357500000	1118400000
	Total income	10728200000	39806100000
2	Expenses
(a)	Cost of materials consumed	7047400000	31754000000
(b)	Purchases of stock-in-trade	400000	143300000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	1408900000	-169300000
(d)	Employee benefit expense	365400000	1594900000
(e)	Finance costs	56200000	433700000
(f)	Depreciation, depletion and amortisation expense	77500000	290900000
(f)	Other Expenses
1	Other Expenses	626700000	2124000000
	Total other expenses	626700000	2124000000
	Total expenses	9582500000	36171500000
3	Total profit before exceptional items and tax	1145700000	3634600000
4	Exceptional items	0	0
5	Total profit before tax	1145700000	3634600000
6	Tax expense
7	Current tax	173900000	535800000
8	Deferred tax	22600000	-30200000
9	Total tax expenses	196500000	505600000
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	949200000	3129000000
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	949200000	3129000000
17	Other comprehensive income net of taxes	-124100000	-166500000
18	Total Comprehensive Income for the period	825100000	2962500000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	951300000	3123900000
	Total profit or loss, attributable to non-controlling interests	-2100000	-2100000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	827200000	2957300000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-2100000	5200000
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	13.04	45.11
	Diluted earnings (loss) per share from continuing operations	13.04	45.11
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	13.04	45.11
	Diluted earnings (loss) per share from continuing and discontinued operations	13.04	45.11
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.TheconsolidatedfinancialresultsoftheGroupforthequarterandyearendedMarch31,2025,havebeenreviewedbytheAuditCommitteeandapprovedbytheBoardofDirectorsattheirmeetingheldonMay01,2025andMay02,2025respectively.Thestatutoryauditorshaveexpressedamodifiedopinioninauditreportontheseconsolidatedfinancialresults.TheseconsolidatedfinancialresultshavebeenpreparedinaccordancewiththerecognitionandmeasurementprinciplesofapplicableIndianAccountingStandards('IndAS')notifiedundertheCompanies(IndianAccountingStandards)Rules,2015(asamended),asspecifiedinsection133oftheCompanies Act, 2013. n nNotes are attached in 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	4224800000
	Capital work-in-progress	392900000
	Investment property	0
	Goodwill	58300000
	Other intangible assets	74000000
	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	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	477500000
	Total non-current financial assets	477500000
	Deferred tax assets (net)	159300000
	Other non-current assets	173100000
	Total non-current assets	5559900000
2	Current assets
	Inventories	6168000000
	Current financial asset
	Current investments	4910900000
	Trade receivables, current	2750800000
	Cash and cash equivalents	946100000
	Bank balance other than cash and cash equivalents	3126600000
	Loans, current	60000000
	Other current financial assets	914000000
	Total current financial assets	12708400000
	Current tax assets (net)	0
	Other current assets	714500000
	Total current assets	19590900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	25150800000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	147600000
	Other equity	20551500000
	Total equity attributable to owners of parent	20699100000
	Non controlling interest	76200000
	Total equity	20775300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1901900000
	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	28100000
	Total non-current financial liabilities	1930000000
	Provisions, non-current	118200000
	Deferred tax liabilities (net)	3600000
	Deferred government grants, Non-current	0
	Other non-current liabilities	1100000
	Total non-current liabilities	2052900000
	Current liabilities
	Current financial liabilities
	Borrowings, current	921400000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	73900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	322100000
	Total Trade payable	396000000
	Other current financial liabilities	719000000
	Total current financial liabilities	2036400000
	Other current liabilities	122000000
	Provisions, current	51000000
	Current tax liabilities (Net)	113200000
	Deferred government grants, Current	0
	Total current liabilities	2322600000
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	4375500000
	Total equity and liabilites	25150800000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Lead	9115500000	34194200000
2	Aluminium	1003700000	3412000000
3	Plastics	190900000	844500000
4	Turnkey projects	57900000	199600000
5	Others	2700000	37400000
	Total Segment Revenue	10370700000	38687700000
	Less: Inter segment revenue
	Revenue from operations	10370700000	38687700000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Lead	1141300000	3764400000
2	Aluminium	47800000	266700000
3	Plastics	3500000	114600000
4	Turnkey projects	900000	47100000
5	Others	400000	11200000
	Total Profit before tax	1193900000	4204000000
	i. Finance cost	56200000	56200000
	ii. Other Unallocable Expenditure net off Unallocable income	-8000000	-8000000
	Profit before tax	1145700000	3634600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Lead	12747700000	12747700000
2	Aluminium	2240000000	2240000000
3	Plastics	463100000	463100000
4	Turnkey projects	283100000	283100000
5	Others	34700000	34700000
	Total Segment Asset	15768600000	15768600000
	Un-allocable Assets	9382200000	9382200000
	Net Segment Asset	25150800000	25150800000
4	Segment Liabilities
	Segment Liabilities
1	Lead	1917000000	1917000000
2	Aluminium	693000000	693000000
3	Plastics	122900000	122900000
4	Turnkey projects	141600000	141600000
5	Others	24400000	24400000
	Total Segment Liabilities	2898900000	2898900000
	Un-allocable Liabilities	1476600000	1476600000
	Net Segment Liabilities	4375500000	4375500000
	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	Consolidated	Consolidated
	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	Foreign currency translation reserve	-109400000	-154600000
2	Change in fair value of hedging instruments*	0	15700000
	Total Amount of items that will be reclassified to profit and loss	-109400000	-138900000
4	Income tax relating to items that will be reclassified to profit or loss	0	5500000
5	Total Other comprehensive income	-124100000	-166500000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3634600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			433700000
	Adjustments for decrease (increase) in inventories			578100000
	Adjustments for decrease (increase) in trade receivables, current			-178300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-371300000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-163900000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-280400000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-81900000
	Adjustments for increase (decrease) in other non-current liabilities			-40400000
	Adjustments for depreciation and amortisation expense			290900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			10800000
	Adjustments for provisions, current			47100000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-336400000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-32600000
	Adjustments for dividend income			0
	Adjustments for interest income			187100000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-62500000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			10900000
	Other adjustments for non-cash items			56100000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-307200000
	Net cash flows from (used in) operations			3327400000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			505600000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2821800000
	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			5200000
	Purchase of property, plant and equipment			1073100000
	Proceeds from sales of investment property			0
	Purchase of investment property			5172500000
	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			161000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2496900000
	Net cash flows from (used in) investing activities	-8636300000
	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			-862900000
	Repayments of borrowings			1749300000
	Payments of lease liabilities			3700000
	Dividends paid			353800000
	Interest paid			442700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			6402500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			588000000
	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			588000000
	Cash and cash equivalents cash flow statement at beginning of period			358100000
	Cash and cash equivalents cash flow statement at end of period			946100000

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 11 to the accompanying Statements, during the previous year ended 31 March 2024, the Holding Company had not accounted for the employee benefit expenses related to gain on sale of certain treasury shares of the Holding Company held by Gravita Employee Welfare Trust pursuant to the Gravita Stock Appreciation Rights Scheme, 2017 (the 'Scheme') terminated during the year then ended, which had been credited to Other Equity as per Ind AS 32, Financial Instruments: Presentation 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 Group should have accounted for such benefits to be given to employees as employee benefit expenses in the Statement of Profit and Loss in accordance with the principles of Ind AS 102 - Share Based Payments. However, the Group had created a liability for such employee welfare expense by directly debiting 'Other Equity' in the accompanying Statements. n nHad the Group 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. There would not be any impact on the Other Equity of the Group. Our audit opinion on the consolidated financial results of the Holding Company for the year ended 31 March 2024 was qualified in respect to this matter. n nConsequently, our opinion on the accompanying statements 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 statements. n n
Textual Information(2)	During the previous year ended March 31, 2024, 380,500 shares of face value of Rs. 2 each of the Holding 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, had to be recognized for the welfare of the employees of the Group as per the requirement of the Trust Deed. The Holding Company has 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 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. During the previous year ended March 31, 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. n nFor the aforesaid reason, the management of the Group is of the view that distribution/utilisation for the employee benefits, equivalent to appreciation, net of liability of the Trust, if any, received by the Trust by selling the investment in the open market amounting to Rs. 20.67 crores, would not be recognised in Holding Companys consolidated statement of profit and loss for the previous year ended March 31, 2024, as the transaction was not covered under Ind AS 102. The Group believes that all the appreciation on sale of such shares by the Trust pertains to the employees and will be utilised for the welfare of the employees by the Trust and there would not be any impact on the consolidated financial results. The Group had directly debited other equity with the same amount towards creating a liability for utilisation of said amount for the employee welfare. Based on the independent legal opinion and its assessment, management of the Group is of the view that accounting treatment had been done appropriately in the consolidated financial results for the previous year ended March 31, 2024. n nThe Employee Welfare Trust has sold 101 shares of the Holding Company in the open market during the year ended March 31, 2025. n nThe statutory auditors of the Holding Company have modified their opinion on the consolidated financial results with respect to 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. n n
Textual Information(3)	NA
Textual Information(4)	NA
Textual Information(5)	NA