GRP Limited Q2 FY27 Results: Revenue Up 30%, PAT Triples to ₹64 Crore
GRP Limited reported Q2 FY27 consolidated income of ₹1,727 million, up 30% YoY. PAT more than tripled to ₹64 million. For H1 FY27, income grew 28% to ₹3,300 million. The Rubber Recycling business saw a 30% revenue increase to ₹2,963 million in H1 FY27. The company achieved an EcoVadis Gold rating.
The announcement details strong financial performance with substantial growth in key metrics like revenue and profit, along with strategic achievements in sustainability, which are material to investors.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, indicating strong financial performance. Positive mentions of sustainability achievements and business growth further contribute to a positive sentiment.
GRP Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated income growth of 30% year-on-year to ₹1,727 million (₹172.7 crore) for Q2 FY27, with EBITDA increasing by 60% and Profit After Tax (PAT) more than tripling to ₹64 million (₹6.4 crore).
For the half-year ended H1 FY27, consolidated income advanced by 28% to ₹3,300 million (₹330 crore), and EBITDA grew by 60%. The company highlighted that while elevated raw material costs continue to pressure gross margins, its focus remains on operating efficiencies and cost competitiveness.
The Rubber Recycling business sustained strong performance, with H1 revenue growing 30% year-on-year to ₹2,963 million (₹296.3 crore), supported by domestic revenue growth of 40% and export growth of 22%. Encouraging traction was also seen in non-tyre applications, with sales from newer reclaim technologies increasing.
GRP Limited also achieved the EcoVadis Gold rating, placing it among the top 5% of companies assessed worldwide for sustainability performance. Renewable energy initiatives progressed with the completion of Phase 1 of the Gujarat solar project, anticipating further savings upon completion of Phase 2.
Commenting on the performance, Mr. Harsh Gandhi, Managing Director of GRP Limited, stated, "The quarter marks another step forward in our growth journey, with strong revenue growth and continuing momentum in profitability." He added that the company's priorities remain focused on strengthening procurement resilience, enhancing operational efficiencies, maintaining pricing discipline, and driving technology-led improvements.
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GRP Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by GRP Limited. Read the original for the full detail.