03 Oct

Gravita received status of AEO Holder under customs act

Gravita has been allotted the status of an Authorized Economic Operator-T2 under a major programme undertaken by the Customs and Excise Department.

The Authorized Economic Operator plan works under the World Customs Organization’s (WCO) SAFE framework of Standards to secure and facilitate global trade.

This programme aims to enhance international supply chain security and smoothen the movement of legitimate goods. AEO encompasses various players in the global supply chain. Under this programme, an entity engaged in international trade is approved by Customs as compliant on its supply chain security standards and granted AEO status with certain benefits.

About 30 companies have been given this prestigious AEO-T2 standard as on date by the Customs and Excise Department and Gravita India Limited is honored to be on this list.

aeo status

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01 Sep

Gravita Revenue up by 46 % at 201.47 crore in Q1 FY17-18

Consolidated Financial Performance for Q1 FY18 vs Q1FY17

  • Revenue of Rs. 201.47 crore v/s. Rs.138.02 crore [up by 46 %]
  • EBITDA before exceptional items of Rs. 18.88 crore v/s. Rs. 11.06 crore [up by 71 %]
  • PAT at Rs. 9.73 crore v/s. Rs. 6.92 crore [up by 41 %]
  • EPS of Rs. 1.42 v/s. EPS of Rs. 1.01

The company’s Revenue from operations for the quarter under consideration stood at Rs. 201.47crore as against Rs. 138.02 crore for the quarter ended June 2016.

EBIDTA for the quarter was at Rs. 18.88 crore as against Rs. 11.06 crore during the same period last year. EBIDTA margin stood at % in Q1FY18 as against 8 % in Q1FY17

PAT for the quarter stood at Rs. 9.73 crore as against Rs. 6.92 crore for the corresponding quarter last year. The PAT margin recorded was 5% in Q1 FY18 as compared to 5% in Q1FY17.

The EPS recorded for the quarter stood at Rs. 1.42 as against Rs. 1.01 in the quarter ended June 2016.

Highlights during the Quarter

  1. Commenced commercial production of PET in Nicaragua having annual capacity of 6000 MTPA
  2. Started commercial production of Polypropylene in Phagi, Rajasthan having annual capacity of 6000 MTPA
  3. Initiated commercial production of PET flakes in Jamaica
  4. Bagged orders worth Rs. 15.00 Crores received from Middle East region for supply of Turnkey projects
  5. Federation of Indian Export Organisatons (FIEO) awarded Northern Region Export Excellence Award for being a top exporter in Rajasthan MSME Category
  6. Awarded with Certificate of Excellence by the World Trade Centre Jaipur for outstanding Achievement and Contribution in International Trade.
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