GRP Limited — PPTs, 12-02-2026: Investor Presentation

GRP's Q3 FY26 total income rose 2% YoY to Rs 135.2 Cr, but EBITDA fell 14% to Rs 11.2 Cr, while profit after tax (ex-exceptional) dropped 49% to Rs 2.3 Cr. For the nine months, income was flat at Rs 393 Cr, EBITDA declined 8% to Rs 33.5 Cr, and PAT (ex-exceptional) was down 47% to Rs 6 Cr. Domestic revenues in non-tyre segments grew 14% YoY, partially offsetting weaker export demand due to US tariffs and higher input costs.

The company's strategy focuses on non-reclaim growth, structural cost reduction, and capital deployment. A Rs 250 Cr capex over three years targets new reclaim rubber technology, crumb rubber/EPR expansion, and plastic recycling. Recent developments include rising income from pyrolysis and crumb rubber businesses, which started operations in Q4 FY25 and Q2 FY26. A reduction in US tariffs is expected to boost export volumes. Management anticipates gradual recovery, with improved performance as new projects ramp up and cost discipline yields results.