Gravita India Limited (GRAVITA) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 22, 2026 3 min read

Gravita India Limited enters the Q1 FY27 earnings season navigating a complex metals market defined by stable lead prices and significant supply-side headwinds in the aluminium segment. Investors will be focused on the first full-quarter contribution from the copper business and the impact of a volatile USD/INR exchange rate on export realisations.

Quick Details

Results date	July 27, 2026
Quarter	Q1 FY 2026-2027
Market cap	Rs. 13269.65 Cr
CMP	Rs. 1798.0

Gravita India Limited Q1 Results Date and Time

The board meeting of the company is scheduled for July 27, 2026, to consider and approve the audited financial results for the quarter ended June 30, 2026.

What to expect from Gravita India Limited's Q1 FY27 results

The company faces a mixed operating environment in Q1, with lead segment margins expected to remain stable due to range-bound LME prices near $1,879/tonne. Conversely, the aluminium segment is likely to experience further margin compression from the 2.32% EBIT level seen in Q4 FY26, driven by LME aluminium prices that reached four-year highs of $3,672/tonne in April and persistent scrap supply disruptions. Management's ability to leverage the USD/INR tailwind—which averaged in the 95–97 range compared to ~87 in the year-ago period—will be a critical factor for export-led profitability. The balance sheet, which shifted to a net debt position of Rs. 530.51 Cr in FY26, will likely reflect higher interest costs compared to the Rs. 6.05 Cr reported in Q1 FY26. Investors should look for updates on the copper segment's first full quarter of operations and whether the company can improve its cash conversion, which stood at a CFO/PAT ratio of 0.45x in the previous fiscal year.

Key Things To Watch

Copper segment ramp-up: The Q1 results mark the first full quarter of contribution from the RMIL acquisition.

Monitor revenue growth and initial margin profile for the copper business
Assess integration progress of the Rs. 160 Cr approved copper plant expansion

Working capital and cash flow: Inventory levels surged 66% YoY in FY26, creating a significant working capital overhang.

Watch for moderation in inventory and receivables DSO, which was approximately 37 days in FY26
Evaluate whether the company can improve upon the 0.45x CFO/PAT ratio reported in the previous fiscal year

Aluminium segment margin pressure: Rising input costs and duty structures continue to impact this segment.

Track the impact of the 2.5% BCD on aluminium scrap and Middle East supply disruptions
Monitor if the EBIT margin can recover from the 2.32% level reported in Q4 FY26

Capacity expansion tracking: The company is working to address previous capacity shortfalls.

Evaluate progress toward the FY27 capacity ramp-up target following the miss on the 4.6 lakh tonnes FY26 goal

Finance cost impact: The transition to a net debt position is expected to influence bottom-line performance.

Assess the impact of Rs. 530.51 Cr in net debt on quarterly interest expenses compared to the previous year's Rs. 6.05 Cr

Frequently Asked Questions

How did the copper segment perform in the previous quarter?

The copper segment contributed to only 19 days of operations in Q4 FY26 following the RMIL acquisition. It reported an EBIT margin of 4.67% during that partial period.

What is the current status of the company's debt position?

As of the end of FY26, the company reported a net debt of Rs. 530.51 Cr, a shift from the net cash position of Rs. 121 Cr held in FY25. This increase was driven by the RMIL copper acquisition, capex investments, and working capital requirements.

Why is the aluminium segment facing margin pressure?

The segment is impacted by LME aluminium prices reaching four-year highs and acute scrap shortages caused by Middle East supply disruptions. Additionally, the 2.5% BCD on aluminium scrap continues to act as a persistent cost headwind.