Outcome of Board meeting dt.15.05.2026-approval of financial results for the financial year ended 31st March, 2026 and declaration of dividend
GRPLTD · price
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GRP Limited reported standalone revenue of Rs 52,606 lakhs for FY2026, marginally lower than Rs 53,427 lakhs in FY2025. Profit after tax dropped significantly to Rs 736 lakhs from Rs 3,786 lakhs in the previous year, representing an 80.6% decline. On consolidated basis, PAT fell to Rs 322 lakhs from Rs 3,070 lakhs. The company recognized an exceptional item of Rs 140.41 lakhs due to one-time provision for new labour codes. EPS declined to Rs 16.74 (standalone) and Rs 6.04 (consolidated) from Rs 70.99 and Rs 57.57 respectively. The Board recommended a dividend of Rs 3.50 per share (35%). Statutory auditors issued an unmodified opinion with no qualifications. Non-current borrowings increased substantially to Rs 8,464 lakhs from Rs 3,311 lakhs, while cash position declined to Rs 41 lakhs from Rs 112 lakhs.
The sharp decline in profitability and significant increase in debt levels are concerning for shareholders. However, the clean audit opinion and continued dividend payment provide some comfort. The stock may face pressure due to the substantial profit contraction despite relatively stable revenues.