Gravita has crossed its ATH today , further Gravita enjoyed increased margin in Q4 as per concall-
Rahul Bhangadia:
And sir, the second question was on the tax rate from what you can see in the presentation, the contribution of the Indian operations to the overall PAT is now much higher. In fact, it is almost 3x of what it used to be in 2 years back. FY ‘22, Indian operations were 25% of PAT. Now this year, we’re spending almost 75% of PAT. But actually, it seems to be low to my limited understanding, the tax rates were low because of the contribution of the African operations to the PAT. So, some sense there, please.
Yogesh Malhotra:
So, I mean if you look at the total numbers, because there were some arbitrage opportunities in India, because of which we have diverted some of the materials from the African operations into India. And also because of this Red Sea situation also some of the material from the East African operations were diverted into India. And so, the overall increase in EBITDA margins in that if you see that as against Rs. 19 per ton, we have increased EBITDA numbers, and that has contributed to the increase in the overall profitability from India.
Many FII invested and Ashish Kacholia holidng 2.1% and stay put .
WIth its International business flourishing , Gravita could achive more than 1000 Cr. soon. QOQ
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