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 Ltd reported FY2025-26 standalone revenue of Rs 5,261 crore, down 1.5% from Rs 5,343 crore in the prior year. Consolidated revenue declined to Rs 5,353 crore from Rs 5,505 crore. Standalone PAT fell sharply to Rs 89.3 lakh from Rs 378.6 lakh (down 76%), while consolidated PAT dropped to Rs 32.2 lakh from Rs 307 lakh (down 89%). The sharp decline was partly due to an exceptional charge of Rs 140.41 lakh related to new labour codes effective November 2025. Finance costs rose significantly to Rs 1,423 lakh from Rs 973 lakh. The board recommended dividend of Rs 3.50 per share (35%). Borrowings increased substantially with total debt of Rs 20,639 lakh against equity of Rs 19,164 lakh, creating a concerning debt-to-equity ratio of 1.08. Auditors issued an unmodified opinion.
Significant profit decline and rising debt levels are concerns for shareholders. The 89% drop in consolidated PAT despite stable revenues reflects margin compression from higher finance costs and one-time labour code adjustments. The elevated debt-to-equity ratio warrants monitoring.