Board Meeting Details
The Board of Directors of GRP Limited met on Thursday, July 23, 2026. The meeting commenced at 2:30 PM IST and concluded at 4:30 PM IST.
Key Board Approvals
- Approved the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report by the Statutory Auditors.
- Adopted the updated Policy for Determining Materiality of Events/Information to incorporate changes relating to Key Managerial Personnel authorized to determine materiality and make disclosures under Regulation 30 of SEBI Listing Regulations.
Standalone Financial Performance (₹ in Lakhs)
Quarterly Comparison
| Particulars | Q1 FY27 (30-06-2026) | Q4 FY26 (31-03-2026) | Q1 FY26 (30-06-2025) |
| Revenue from Operations (Gross) | 16,877.92 | 15,533.87 | 12,892.03 |
| Less: Goods and Service Tax | 1,312.91 | 1,240.75 | 969.67 |
| Revenue from Operations | 15,565.01 | 14,293.12 | 11,922.36 |
| Profit Before Tax | 882.90 | 173.27 | 470.91 |
Segment-wise Performance (Q1 FY27)
Rubber Recycling Segment:
- Revenue: ₹15,439.13 lakhs
- Segment Profit Before Tax & Interest: ₹1,922.86 lakhs
Others Segment:
- Revenue: ₹1,438.79 lakhs
- Segment Profit Before Tax & Interest: ₹221.94 lakhs
Assets and Liabilities (Standalone as of June 30, 2026)
Total Segment Assets: ₹47,414.16 lakhs
- Rubber Recycling: ₹37,512.21 lakhs
- Others: ₹4,578.20 lakhs
- Unallocated: ₹5,323.75 lakhs
Total Segment Liabilities: ₹27,558.51 lakhs
- Rubber Recycling: ₹13,040.79 lakhs
- Others: ₹888.74 lakhs
- Unallocated: ₹13,628.98 lakhs
Consolidated Financial Performance (₹ in Lakhs)
Quarterly Comparison
| Particulars | Q1 FY27 (30-06-2026) | Q4 FY26 (31-03-2026) | Q1 FY26 (30-06-2025) |
| Revenue from Operations | 15,683.08 | 14,451.61 | 12,374.67 |
| Profit Before Tax | 841.20 | 45.59 | 321.69 |
| Tax Expense | 421.36 | 179.42 | 146.89 |
| Profit for the Period | 419.84 | (133.83) | 174.80 |
| Total Comprehensive Income | 517.26 | (388.55) | (312.16) |
Earnings Per Share (₹)
- Basic EPS for Q1 FY27: 7.87 (not annualized)
Consolidated Entities
The consolidated results include:
- GRP Circular Solutions Limited (Subsidiary Company)
- Gripsurya Recycling LLP (Limited liability partnership with majority stake)
Employee Stock Option Scheme (ESOS-2024)
The Company had reserved 160,000 equity shares of ₹10 each for offering to eligible employees. During the quarter, the Company granted an additional 52,530 stock options under the second tranche of ESOS-2024 to eligible employees at an exercise price of ₹1,756 per option. The options will vest over a maximum period of four years from the date of grant, subject to specified vesting conditions.
Auditor's Review
The financial results were reviewed by Rajendra & Co. Chartered Accountants (Firm Registration No. 108355W) who issued a limited review report stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.
Additional Information
- The figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and unaudited published year-to-date figures up to the third quarter of previous financial year.
- The company has renamed its reportable segment to 'Rubber Recycling' based on internal assessment of business operations.
- Previous period figures have been regrouped/reclassified for comparability.
- All documents are available on the company website at https://www.grpweb.com/investors.