GRP Limited — PPTs, 28-01-2025: Investor Presentation

**1. Financial Highlights:** Revenue for 9M FY25 reached ₹3,912 crore, marking a 20% growth driven by a 12% increase in volumes. EBITDA improved by 23% to ₹363 crore, resulting in stable margins at 9.3%. Despite challenges such as rising raw material costs, gross margins are expected to stabilize as product mix optimization occurs.

**2. Strategic Initiatives and Growth Drivers:** The company’s strategic capital expenditure plan of ₹250 crore is underway. With approximately ₹33 crore already invested, operations for a new crumb rubber and pyrolysis line are set to commence by Q4 FY25. Additionally, incremental revenue from EPR credits stands at ₹121 crore.

**3. Business Developments:** GRP has completed documentation for a term loan of up to €15 million from Proparco, which will aid in funding expansion projects. Shareholders approved a raise of up to ₹150 crore via Qualified Institutional Placement (QIP).

**4. Market Position and Competitive Advantage:** GRP commands a strong position in the rubber recycling industry supported by a certified procurement and vendor network. The company's focus on sustainability aligns with global shifts towards eco-friendly materials.

**5. Investor Implications:** The company exhibits a positive outlook, bolstered by significant growth in the reclaim rubber sector and expanding margins across product lines. Investors should watch closely as upcoming capacity expansions and regulatory changes offer promising growth opportunities.