Gravita India will hold a meeting of the Board of Directors of the Company on 5 August 2020.

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Net profit of Gravita India reported to Rs 12.61 crore in the quarter ended March 2020 as against net loss of Rs 0.58 crore during the previous quarter ended March 2019. Sales rose 11.88% to Rs 379.26 crore in the quarter ended March 2020 as against Rs 338.99 crore during the previous quarter ended March 2019.

For the full year,net profit rose 71.12% to Rs 33.18 crore in the year ended March 2020 as against Rs 19.39 crore during the previous year ended March 2019. Sales rose 8.54% to Rs 1347.80 crore in the year ended March 2020 as against Rs 1241.73 crore during the previous year ended March 2019.

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Net profit of Gravita India declined 67.12% to Rs 5.05 crore in the quarter ended March 2020 as against Rs 15.36 crore during the previous quarter ended March 2019. Sales rose 6.40% to Rs 331.88 crore in the quarter ended March 2020 as against Rs 311.91 crore during the previous quarter ended March 2019.

For the full year,net profit rose 18.36% to Rs 22.43 crore in the year ended March 2020 as against Rs 18.95 crore during the previous year ended March 2019. Sales rose 10.67% to Rs 1172.39 crore in the year ended March 2020 as against Rs 1059.36 crore during the previous year ended March 2019.

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Gravita India will hold a meeting of the Board of Directors of the Company on 25 June 2020.

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