GRP Limited has informed the Exchange about Investor Presentation
GRPLTD · price
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Awaiting price reaction for this filing.
GRP Limited reported weak Q1 FY26 results with total income declining 2% YoY to Rs 1,247 million, EBITDA falling 18% to Rs 109 million, and PAT dropping 60% to Rs 17 million. The company cited a 7% drop in volumes driven by global uncertainties, a temporary maintenance pause at one production line (utilisation at ~80% in reclaim), and 9% decline in export revenue amid softer overseas demand and US tariff concerns. Margins contracted sharply — gross margins fell 282 bps to 50.1%, EBITDA margins dropped 175 bps to 8.7%, and PAT margins fell 204 bps to 1.4% on raw material cost inflation. The Non-Reclaim Rubber segment was a bright spot with 17% revenue growth. The company also outlined a Rs 250 crore capex plan over three years, partly funded by a QIP of up to Rs 150 crore and ECB of up to €15 million from Proparco, with a continuous pyrolysis facility at Solapur set to commence operations soon.
Negative near-term: a sharp 60% drop in profit and broad-based margin compression signal continued headwinds, which may weigh on the stock. However, the multi-year capex plan and upcoming pyrolysis unit could support a longer-term recovery narrative.