GRP Ltd — earnings calls

GRP Limited reported consolidated total income growth of 26% year-on-year to INR1,573 million in Q1 FY27, driven by volume growth in Pyrova Energy capacity utilization and improved realizations. EBITDA rose 60% to INR174 million with margin expansion of 233 basis points to 11%, while profit after tax more than doubled to INR42 million. Management attributed the results to operating leverage, product mix and cost discipline in a quarter of significant raw material cost inflation, and outlined medium-term growth and margin targets across its Rubber Recycling and Plastics segments.

GRP Limited reported Q4 FY26 total income of INR 1,450 million, down 10% year-on-year, and FY26 total income of INR 5,380 million, down about 3% versus FY25, with management attributing the decline to a high EPR credit base in the prior year and softer export demand amid tariff disruptions. EBITDA for Q4 FY26 was INR 94 million and FY26 EBITDA was INR 429 million, impacted by lower export volumes, raw material inflation and incubation costs from the newly commercialized Pyrolysis business. Management also detailed the Pyrova Energy pyrolysis platform's commissioning progress, discontinuation of the Polymer Composite business, and a recommended dividend of INR 3.5 per equity share.