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The country's largest metal recycling company GRAVITA INDIA has announced the results of the third quarter of the current financial year. GRAVITA INDIA said in an exchange filing that its profits have increased.
The company's profit has increased from Rs 60.3 crore to Rs 78 crore. Talking about the company's earnings, it has increased from Rs 757.8 crore to Rs 996.4 crore. The company's EBITDA has increased from Rs 79.8 crore to Rs 80.7 crore. The EBITDA margin has decreased from 10.5% to 8.1%. Stock Performance Talking about the performance of the company's stock, it has closed with a decline in today's session. On Wednesday, the stock has registered a decline of 1.63 percent. The company's stock closed at 2152 today, down 35.55 points. The stock has given a return of 2.77 percent in 1 week, 112.62 percent in 1 year and 573.83 percent in 3 years. If we look at the shareholding pattern of GRAVITA INDIA, promoters hold 59.27%, retail investors hold 19.83%, foreign institutional investors hold 14.12% and domestic institutional investors hold 5.41%
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