GRP Limited Posts Strong Q1 FY27 Turnaround with Net Profit Rising 140% YoY to ₹4.20 Crore

Recycled rubber manufacturer GRP Limited (CIN: L25191GJ1974PLC002555) has released its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by sustained expansion in its core rubber recycling operations, the company registered a consolidated Profit After Tax (PAT) of ₹419.84 lakh (₹4.20 crore), representing a 140% year-on-year surge compared to ₹174.80 lakh in Q1 FY26 and marking a sharp turnaround from the net loss of ₹133.83 lakh reported in Q4 FY26.

Key Financial Highlights

GRP Limited demonstrated strong operational momentum and margin expansion across major earnings metrics during the quarter:

Revenue from Operations: Gross revenue from operations reached ₹17,018.92 lakh. After deducting Goods and Services Tax (GST) of ₹1,335.84 lakh, net revenue from operations stood at ₹15,683.08 lakh, up 26.7% YoY compared to ₹12,374.67 lakh in Q1 FY26 and 8.5% sequentially over ₹14,451.61 lakh in Q4 FY26.

Total Income: Aggregated total income reached ₹15,729.13 lakh (including other income of ₹46.05 lakh), reflecting an upward trend from ₹12,467.57 lakh in Q1 FY26.

Operating Expenses: Total expenses for the quarter amounted to ₹14,887.93 lakh, compared to ₹12,145.88 lakh in Q1 FY26. Cost of materials consumed stood at ₹8,493.26 lakh, employee benefits expense was ₹1,663.54 lakh, finance costs came in at ₹395.80 lakh, and depreciation expenses stood at ₹499.16 lakh. Other expenses totaled ₹4,196.89 lakh.

Profit Before Tax (PBT): Surged to ₹841.20 lakh, showing a 161.5% YoY growth against ₹321.69 lakh in Q1 FY26 and a massive rebound from ₹45.59 lakh recorded in Q4 FY26.

Tax Provision: Total tax expenses stood at ₹421.36 lakh (comprising current tax of ₹371.38 lakh and deferred tax of ₹49.98 lakh), compared to ₹146.89 lakh in Q1 FY26.

Net Profit & Total Comprehensive Income: Net profit for the period attributable to owners reached ₹419.81 lakh (with non-controlling interest accounting for ₹0.03 lakh). Including Other Comprehensive Income of ₹97.42 lakh, Total Comprehensive Income for Q1 FY27 expanded to ₹517.26 lakh, rebounding from negative ₹312.16 lakh in Q1 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter rebounded to ₹7.87 per share (face value ₹10/- each), compared to ₹3.28 in Q1 FY26 and negative ₹2.51 in Q4 FY26.

Segment Performance Analysis

GRP Limited operates across two primary reporting divisions, with rubber recycling remaining the cornerstone of its portfolio:

1. Rubber Recycling Division

Segment Revenue: Gross revenue grew 29.8% YoY to ₹14,956.54 lakh, up from ₹11,525.89 lakh in Q1 FY26 and ₹14,005.94 lakh in Q4 FY26.

Segment Profitability: Earnings before interest and tax (EBIT) jumped 69.1% YoY to ₹1,957.17 lakh, compared to ₹1,157.24 lakh in Q1 FY26 and ₹1,340.25 lakh in Q4 FY26.

Asset Base: Segment assets stood at ₹35,099.86 lakh, while liabilities were recorded at ₹11,312.85 lakh.

2. Others Division

Segment Revenue: Generated ₹2,062.38 lakh in gross revenue, compared to ₹1,898.91 lakh in Q1 FY26.

Segment Profitability: Reported segment results of ₹220.41 lakh, turning around from a loss of ₹16.09 lakh in Q4 FY26 and improving from ₹111.10 lakh in Q1 FY26.

Asset Base: Segment assets stood at ₹6,517.97 lakh, with liabilities at ₹3,590.44 lakh.

Asset and Capital Structure

As of June 30, 2026, GRP Limited's total consolidated segment assets expanded to ₹46,927.38 lakh, compared to ₹43,827.73 lakh recorded as of June 30, 2025. Total segment liabilities for the period stood at ₹28,565.75 lakh (including unallocated liabilities of ₹13,662.46 lakh). Paid-up equity share capital remained constant at ₹533.33 lakh, with reserves excluding revaluation reserves reported at ₹17,302.83 lakh.

Shares of GRP Limited was last trading in BSE at Rs. 1952.75 as compared to the previous close of Rs. 1891.30. The total number of shares traded during the day was 1944 in over 306 trades.

The stock hit an intraday high of Rs. 2040.00 and intraday low of 1899.00. The net turnover during the day was Rs. 3863732.00.

Source : Equity Bulls

Keywords

GRP INE137I01015 Q1FY27 Q1FY2027 ResultUpdate