GRP Limited has informed the Exchange about Transcript
GRPLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GRP Limited held an earnings call on May 12, 2025 discussing Q4 and FY25 results. Q4 income grew 16% YoY to INR 1,606 million, with EBITDA up 45% to INR 331 million and margins expanding 404 bps to 20.6%, largely supported by INR 309 million in EPR credit income. FY25 income grew 19% to INR 5,518 million with EBITDA of INR 694 million (12.6% margin, up 128 bps) and PAT of INR 307 million (up 36%). The company commissioned its crumb rubber facility taking total capacity past 122,000 tons and is targeting a 3x capacity expansion. Management noted margin pressure in the butyl reclaim segment due to raw material inflation and delayed price pass-through, but expects this to reverse from Q2 onwards. Capex of INR 66 crores was spent in FY25, with INR 80-90 crores planned for FY26, funded by internal accruals, Proparco debt, and a board-approved QIP. The company declared a dividend of INR 14.50 per share (145% of face value) and announced a bonus issue on its 50-year milestone.
Strong headline numbers were largely boosted by one-time EPR credit accruals, while the core reclaim rubber business faced real margin pressure. Investors should watch for actual margin recovery in Q2-Q3 and execution of the pyrolysis and RCB plants as the next growth drivers. The QIP approval signals potential equity dilution ahead, though management indicated internal accruals plus debt should suffice for Phase 1.