GRP Ltd
GRP Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
H2 FY '26 expected to be significantly better than H1 FY '26, with volumes coming back and price rises on raw materials getting offset from Q4. H2 FY '26 expected to perform significantly better than H1, driven by volume recovery and price adjustments. - Full impact of investments in reclaimed carbon black, pyrolysis, and crumb rubber to materialize in FY '27, leading to a turnaround. - FY '27 anticipated as a breakout year with significant growth in both revenue and profitability. - EBITDA margins projected to improve by 200-250 basis points in H2 FY '26. - New technology and solar power usage expected to reduce costs and enhance margins. - Closure of low-margin polymer composites will refocus resources on higher-growth areas. - Challenges like U.S.
From GRP Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- H2 FY '26 expected to be significantly better than H1 FY '26, with volumes coming back and price rises on raw materials getting offset from Q4.
- New technology and solar power savings in reclaim rubber (RR) business to boost H2 performance.
- Pyrolysis, crumb, and steel plants operational; expected to contribute positive top line and bottom line from next month.
- Engineering Plastics business demand expected to improve with automotive sector recovery, but margins uncertain due to volatile virgin nylon prices.
- Subsidiary GCSL expected to face margin and volume pressure due to import policy changes; no major turnaround expected in near term.
2 more points management made on revenue & sales performance
Profitability & Margins
See what GRP Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Phase 1 capex of INR 150 crores underway, with INR 72 crores spent on green energy business (crumb rubber, tyre pyrolysis, recovered carbon black) and INR 22 crores on reclaim rubber technology and capacity upgrades.
- Remaining INR 56 crores of Phase 1 to be deployed by May-June 2026, completing capacity for pyrolysis, recovered carbon black, and crumb rubber.
- Phase 2 planned capex of INR 100 crores remains intact, awaiting land approvals in Dahej; will add approx. 30,000 tons capacity plus 12,000 tons recovered carbon black capacity.
- Non-reclaim rubber (mostly plastics) capex to be considered on capacity utilization improvement; currently at ~40% utilization.
- Ongoing investments in solar and renewable energy planned to achieve 50% power from renewables by mid-2026 for cost savings.
2 more points management made on capital expenditure plans
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what GRP Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
GRP Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹145 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What GRP Ltd's management said in earlier quarters
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Frequently Asked Questions
What were GRP Ltd Q2 FY26 results?
H2 FY '26 expected to be significantly better than H1 FY '26, with volumes coming back and price rises on raw materials getting offset from Q4. H2 FY '26 expected to perform significantly better than H1, driven by volume recovery and price adjustments. - Full impact of investments in reclaimed carbon black, pyrolysis, and crumb rubber to materialize in FY '27, leading to a turnaround. - FY '27 anticipated as a breakout year with significant growth in both revenue and profitability. - EBITDA margins projected to improve by 200-250 basis points in H2 FY '26. - New technology and solar power usage expected to reduce costs and enhance margins. - Closure of low-margin polymer composites will refocus resources on higher-growth areas. - Challenges like U.S.
What is GRP Ltd share price analysis?
GRP Ltd currently shows a neutral. The stock trades at a P/E of 153.9 with a market cap of ₹1,055 Cr. Investors should review the full earnings analysis for detailed insights.
Is GRP Ltd planning capital expenditure?
Phase 1 capex of INR 150 crores underway, with INR 72 crores spent on green energy business (crumb rubber, tyre pyrolysis, recovered carbon black) and INR 22 crores on reclaim rubber technology and capacity upgrades. - Remaining INR 56 crores of Phase 1 to be deployed by May-June 2026, completing capacity for pyrolysis, recovered carbon black, and crumb rubber. - Phase 2 planned capex of INR 100 crores remains intact, awaiting land approvals in Dahej; will add approx.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.