GRP Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
GRPLTD · price
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GRP Limited's board approved audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose ~15.7% to Rs. 534.27 crore, while profit after tax jumped ~59.7% to Rs. 37.86 crore, with EPS at Rs. 70.99 vs Rs. 44.46 in FY24. Consolidated revenue grew ~19.3% to Rs. 550.45 crore with PAT up ~35.6% to Rs. 30.70 crore. The board recommended a strong dividend of Rs. 14.50 (145%) per share for FY25. Several governance changes were approved, including reappointment of Executive Director Hemal H. Gandhi, appointment of new Independent Director Belur Krishna Murthy Sethuram, and appointment of Rajendra V. Gandhi as Non-Executive Director. The company also constituted a Risk Management Committee and appointed Yogesh D. Dabholkar & Co. as Secretarial Auditor for 5 years. Auditors issued an unmodified (clean) opinion on the results.
Sharp earnings growth driven by margin expansion, combined with a generous 145% dividend, is positive for shareholders. The improved profitability was partly supported by a change to accrual-based recognition of EPR (plastic recycling) credits. Multiple board changes and the formation of a Risk Management Committee signal active governance restructuring. However, borrowings rose significantly (current borrowings up ~16% standalone), and capex surged with PPE growing ~13%, funded partly through higher debt — investors should watch leverage and returns on new investment.