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Earnings Call Transcript

GRP Earnings Call Transcript: Key Takeaways

GRP Ltd reports strong FY27 Q1 with 26% revenue growth, driven by Pyrova Energy utilization and structural margin expansion through synergistic tire recycling integration.

Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growth26% YoY growth driven by Pyrova Energy and volume increases.
MarginsEBITDA margins expanded to 11% despite raw material inflation.
Order bookReclaimed export volumes rebounded 20% as order patterns normalized.
Demand visibilityStrong domestic demand; healthy export rebound following US tariff easing.
Management confidenceConfident, shifting from stabilization to scaling utilization and efficiency.

Growth

Revenue grew 26% YoY to ₹1,573 million; EBITDA rose 60% with 233bps margin expansion to 11%.

Outlook

Targeting 20% revenue growth for FY27 and EBITDA margins of 10-14% for rubber recycling.

Risks

High input cost inflation, global logistics volatility, and the multi-quarter timeline for tire industry approvals of RCH.

Last quarter's promises, checked

Delivered

  • Targeted operational stability in Q4 FY26 → Delivered (Pyrova achieved stability in Q4)
  • Guided dividend of INR 3.5 per share → Delivered (Board recommended INR 3.5)
  • Commitment to add second RR line in Solapur → Delivered (Line commissioned by end of Q1 FY27)

Partly delivered

  • Targeted US export recovery → Delivered 20% rebound (PARTIAL: indirect volumes not yet fully recovered)
Source

Earnings Call Transcript filed with BSE, NSE: GRPLTD. Summary written with AI assistance from the document.

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GRP Ltd: key numbers

Share price
₹1,839.70
Market cap
₹981.2 Cr
Revenue (annual)
₹535.3 Cr
Net profit (annual)
₹3.22 Cr
P/E (TTM)
173.0×Sector 32.1×
Promoter holding
40.05%-0.01% QoQ
FII holding
0.02%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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