Earnings Call/Transcript
GRP Ltd Q2 FY27 Earnings Call Transcript
GRP Ltd submitted the transcript of its Q2 and H1 FY27 earnings call held on 30 October 2026, covering operational and financial performance.
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GRP Ltd (GRPLTD) is currently trading at 1,888.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
GRP Limited manufactures reclaimed rubber, crumb rubber, engineering plastics, polymer composites and related recycled materials from end-of-life tyres and other polymer waste. It also operates wind-power assets and has expanded into waste-to-energy through Pyrova Energy, which produces tyre pyrolysis oil, recovered steel, crumb rubber and is developing recovered carbon black. The company delivered a significant financial recovery in Q2 FY27, with consolidated income rising 30% year-on-year to INR1,727 million, EBITDA increasing 60% to INR182 million and profit after tax more than tripling to INR64 million. This improvement occurred despite a five-percentage-point gross-margin decline caused by raw-material inflation. GRP Limited is shifting from an historically export-led model toward a more balanced domestic-export business. Standalone domestic revenue increased 40% in H1 FY27 to INR1,678 million, surpassing 52% of standalone revenue, while exports grew 19%, reducing exposure to tariffs, currency movements and international freight volatility. The integrated recycling strategy is becoming more visible in reported performance. Pyrova Energy generated its first EPR income in Q2, plastics revenue grew 38% in H1 with an 11-percentage-point EBITDA-margin improvement, and newer reclaim technologies represented roughly one-third of reclaim-rubber sales volume while offering approximately 2% to 3% overall cost savings. The main near-term catalyst is successful execution of the Solapur expansion. Pyrolysis capacity is planned to triple to 45,000 tonnes annually, recovered carbon black commissioning is progressing, and management expects the broader platform to reach mid-teen EBITDA margins, although current Pyrova realizations benefit partly from elevated crude and furnace-oil prices.
Over the past 52 weeks, GRP Ltd has traded between a low of ₹1,500.00 and a high of ₹2,239.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
GRP Ltd has a market capitalization of approximately 1,031.97. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
GRP Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 102.28 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,031.97 Cr, GRP Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
GRP Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of GRP Ltd is 102.28. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Yes. GRP reported standalone domestic revenue of Rs 167.8 crore in H1 FY27, compared with Rs 154.8 crore from exports. Domestic sales accounted for about 52% of standalone revenue, versus about 48% a year earlier.
GRP Ltd reported consolidated profit after tax of Rs 6.4 crore in Q2 FY27. This was 226% higher than Rs 2 crore in Q2 FY26.
GRP expects the enlarged Pyrova operation to have its full impact from Q2 FY28. Management expects commissioning around late March to early April 2027, followed by a 30-to-60-day period to stabilize operations.
GRP Ltd reported consolidated net profit of ₹6.4 crore in Q2 FY27, up 220.0% from ₹2.0 crore in Q2 FY26.

Industrial Products
Rubber
1,007 Cr
Low Risk
99.8
31.7
0.5
5.4
2,239.95
1,500.00
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