GRP Limited Q1 FY27: Total Income Rs 1,573 Mn (+26% YoY), PAT Rs 42 Mn (+140% YoY)
GRP Limited reported Q1 FY27 total income of ₹1,573 million (up 26% YoY) and PAT of ₹42 million (up 140% YoY). EBITDA grew 60% YoY to ₹174 million. Rubber Recycling segment revenue increased by 34% YoY, with reclaim rubber volumes up 12%. Engineering Plastics volumes grew 27% YoY. Capital expenditure for Pyrova Energy reached ₹91 crore.
Significant double-digit growth in key financial metrics like revenue and profit, coupled with positive management commentary and progress on strategic initiatives, indicates a high impact on investor sentiment and company valuation.
The company reported strong year-on-year growth in total income, EBITDA, and PAT, along with positive commentary from the Managing Director regarding business performance and future outlook.
GRP Limited has released its investor presentation for Q1 FY2027, highlighting a significant year-on-year growth in financial performance.
Total income for the quarter ended June 30, 2026, reached ₹1,573 million (Rs 157.3 crore), marking a robust 26% increase compared to ₹1,247 million (Rs 124.7 crore) in Q1 FY2026. This growth was primarily driven by a consolidated volume increase of 24%, improved realizations, and a growing contribution from newer business segments.
The company reported a substantial 60% year-on-year rise in EBITDA, reaching ₹174 million (Rs 17.4 crore) from ₹109 million (Rs 10.9 crore) in the prior-year period. EBITDA margins improved by 233 basis points to 11.0% from 8.7%, attributed to operating leverage, higher realizations, and disciplined cost management.
Profit After Tax (PAT) more than doubled, surging by 140% to ₹42 million (Rs 4.2 crore) in Q1 FY2027, up from ₹17 million (Rs 1.7 crore) in Q1 FY2026. PAT margins expanded to 2.7% from 1.4% YoY.
The Rubber Recycling segment demonstrated strong performance with revenues growing 34% year-on-year, supported by a 12% increase in reclaim rubber volumes. The Plastics business also showed encouraging progress, with Engineering Plastics recording a 27% year-on-year volume growth.
Mr. Harsh Gandhi, Managing Director, commented on the strong start to FY27, emphasizing the conviction in the business model and successful execution of priorities. He highlighted the resilience of the Indian market and the strengthening position of reclaim rubber as a sustainable raw material. The company also made progress on its long-term growth agenda, with cumulative capital expenditure under Pyrova Energy reaching approximately ₹91 crore as of June 30, 2026.
The company is focusing on expanding capacities, commencing recovered Carbon Black (rCB) production, and accelerating the transition to next-generation reclaim technologies. GRP Limited also published its FY2026 Sustainability Report.
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