GRP LIMITED

GRP Limited held its Q1 FY27 earnings conference call on July 27, 2026, where management reported a consolidated total income growth of 26% year-on-year to INR1,573 million, driven by volume growth and improved realizations. EBITDA rose 60% to INR174 million, with an EBITDA margin expansion to 11%. Profit after tax more than doubled to INR42 million. Management highlighted the integration of their operations into two segments: Rubber Recycling and Others, with the rubber recycling segment showing significant growth. The Pyrova Energy business is stabilizing, with plans for increased capacity and profitability. The Others segment also saw growth, particularly in engineering plastics. Management noted ongoing challenges in waste collection and regulatory compliance but emphasized a commitment to sustainable practices. They set a goal for Reclaim Rubber volumes to grow by close to 20% in FY27 and outlined plans for continued investment in capacity expansion and technology improvements.

Management emphasized strong growth and operational improvements in the quarter.