GRP Q2 FY27 consolidated income up 30% to Rs. 1,727 Mn, PAT up 226%; targets reclaim and crumb capacity expansion to FY30
Q2 FY27 total income up 30% to Rs. 1,727 Mn, EBITDA up 60%, PAT up 226% to Rs. 64 Mn; H1 income up 28% to Rs. 3,300 Mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Total Income
- Rs. 1,727 Mn, up 30%
- Q2 FY27 EBITDA
- Rs. 182 Mn, up 60%
- Q2 FY27 PAT
- Rs. 64 Mn, up 226%
- Period
- Q2 & H1 FY27
- Positioning
- GRP describes itself as a marquee scalable integrated polymer recycling company with 5 business verticals, 120000+ MTPA capacity, presence in 55+ countries and about half its revenue from exports.
📉 Q2 FY27 total revenue rose 30% to Rs. 1,727 Mn, EBITDA rose 60% to Rs. 182 Mn and PAT rose 226% to Rs. 64 Mn; gross margin fell to 46% from 51% on raw material costs. H1 total revenue was Rs. 3,300 Mn, up 28%, with PAT of Rs. 106 Mn.
🌍 Rubber recycling H1 revenue grew 30% to Rs. 2,963 Mn, with domestic up 40% and exports up 22%, per the MD. The company positions itself as an integrated polymer recycler with ~21% domestic and ~35% export market share.
🏭 Management states it plans phase-wise expansion of reclaim rubber from ~88KTA to 110KTA and crumb, TPO and rCB from ~39KTA to 130KTA over FY27-FY30, with targeted FY27 capex of ~90-100 cr. Rs. 79 cr of EPR income was earned FY24 to 26, which the company presents as an additional revenue stream.
🏭 The MD says priorities are procurement resilience, operational efficiency, pricing discipline and technology-led improvements; rCB commissioning under Pyrova Energy is progressing. FY26 had been weak, with PAT of 46 Mn versus 307 Mn in FY25.
Also from GRP
Q2FY27 earnings call: total income up 30% YoY, EBITDA up 60%, PAT more than triples
5 Nov 2026
GRP Ltd submits audio recording link of Q2FY27 earnings call held 30 October 2026
30 Oct 2026
Board approved unaudited Q2 and H1 results; internal auditor LLP conversion and exchange fines noted
28 Oct 2026
More numbers
- Total revenue, Q2FY271,727 (Rs. Mn)
- Total revenue, H1FY273,300 (Rs. Mn)
- EBITDA, Q2FY27182 (Rs. Mn)
- PAT, Q2FY2764 (Rs. Mn)
- PAT YoY growth, Q2FY27226%
- Gross profit margin, Q2FY2746%
- PAT, H1FY27106 (Rs. Mn)
- Rubber recycling revenue, H1 FY27Rs. 2,963 Mn
- EPR income, FY24 to 2679 cr
- Targeted capex, FY27 (upper)~90-100 cr
- Total borrowings non-current, Sep-26912 (Rs. Mn)
- Total equity, Sep-261,898 (Rs. Mn)
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