GRP Limited Q3 FY26 Results: PAT Declines Sharply, QIP Shelved

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹1780.00

prior close

₹1758.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.6% vs market

Rubber peers, median of 10sector+0.9%+0.2% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 0.2 pts more than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.1-0.5+1.6+0.9+0.2

Next day

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+2.5-2.2+4.7-3.3+5.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Rubber peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GRP Limited reported Q3 FY26 standalone revenue of Rs 13,331 lakhs (up 3.6% YoY) but PAT fell 59% to Rs 236 lakhs. 9M FY26 PAT at Rs 900 lakhs, down 46% YoY. Exceptional item of Rs 140.41 lakhs booked due to new Labour Codes. Consolidated Q3 PAT dropped 81% to Rs 85 lakhs. Board also confirmed non-implementation of the proposed QIP as the 365-day timeline from December 2024 special resolution expired.

Likely market impact

Sharp profit decline despite modest revenue growth, weighed by one-time Labour Code provision and higher costs. QIP scrapped, removing near-term equity dilution risk.