Gravita India’s Q1 net tumbles 71%

Gravita India has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 71.01% in its net profit at Rs 1.09 crore for the quarter under review as compared to Rs 3.76 crore for the same quarter in the previous year. The total income from operation of the company has increased by 54.79% at Rs 93.32 crore for Q1FY13 as compared Rs 60.29 crore for the corresponding quarter previous year.

Gravita India along with its subsidiaries has business across border in about 44 countries. The company deals in Lead and Lead related products. The major products of the company comprise of pure Lead, Refined Lead Ingots, Lead Alloy, Red Lead, Litharge etc. The company is also engaged into trading activities and supply of Lead plants and turnkey projects.