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GRP Ltd

Q3 FY25Industrial Products

GRP Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹2,039
Market cap₹1.1K Cr
P/E154.0
Updated23 Aug 2026
Read4 min read

The short version

GRP Limited achieved 20% growth in income for Q3 and 9 months of FY25, driven by volume increases in Reclaim and non-Reclaim businesses. GRP Limited reported a 20% growth in income for Q3 and 9 months FY25, driven by volume increases.

From GRP Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • GRP Limited achieved 20% growth in income for Q3 and 9 months of FY25, driven by volume increases in Reclaim and non-Reclaim businesses.
  • Standalone volumes rose about 12% for 9 months, with a 9% increase in Reclaim Rubber volumes, despite subdued global tyre demand.
  • Domestic Reclaim Rubber consumption increased by approximately 10% in H1 FY25 against 3% growth in overall rubber consumption.
  • The company expects demand growth post-April 2025 driven by regulations mandating recycled plastic use, especially in their subsidiary's plastic recycling business.
  • New technologies and business lines (e.g., higher-grade Reclaim Rubber, tyre pyrolysis) are expected to contribute increasingly as approvals and capacity utilization rise.

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Profitability & Margins

See what GRP Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • GRP Limited has an announced capex plan of INR 250 crores underway.
  • Documentation for a line of credit from the French DFI Proparco is complete; proceeds expected in the current quarter.
  • Shareholders have approved raising an additional INR 150 crores through equity via a qualified institutional placement.
  • So far, INR 33 crores have been spent on the project.
  • The first line of crumb rubber and continuous pyrolysis line is on track to commence operations by Q4 FY '25.
  • Investments target expansion across the tyre recycling ecosystem, including reclaimed rubber and recovered carbon black businesses.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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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

  • No specific figures or detailed information about the current or expected order book or pending orders are explicitly mentioned in the transcript.
  • The company notes a steady improvement in offtake of orders for its repurpose polyolefins business, gaining more approvals from major brands.
  • Increased adoption of recycled materials and upcoming regulations mandating recycled content use are expected to boost demand and order inflows gradually.
  • There is ongoing engagement with customers, especially in the tyre industry, to sell inventory of EPR credits based on their buying patterns.

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GRP Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹145 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were GRP Ltd Q3 FY25 results?

GRP Limited achieved 20% growth in income for Q3 and 9 months of FY25, driven by volume increases in Reclaim and non-Reclaim businesses. GRP Limited reported a 20% growth in income for Q3 and 9 months FY25, driven by volume increases.

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?

GRP Limited has an announced capex plan of INR 250 crores underway.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.