Gravita India reports on Q2 of current financial year

Recycling company Gravita India Limited has published its figures for Q2 of the financial year 2023, that ended on 30 September 2022.

Revenues from operations reached INR 6.83 billion (EUR 83.7 million) an increase of 25% compared to the same period in the financial year of 2022. The adjusted EBITDA grew by 29% to INR 650 million (EUR 8 million). For H1/2023, the revenue from operations summed up to INR 12.62 billion (EUR 154.8 million) and the adjusted EBITDA was INR 1.3 billion (EUR 15.9 million).

The company recently started plastic recycling operations in Ghana, as well as aluminium recycling operations in Senegal.