GRP Limited — Investor Meet, 20-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GRP Limited's Q3 & 9M FY26 earnings call highlighted muted demand. Q3 total income grew 2% to 135.2 Cr, but EBITDA fell 14% to 11.2 Cr due to higher raw material costs and new plant underutilization. 9M total income was stable at 393.0 Cr, with EBITDA at 33.5 Cr.

Management noted the significant reduction in U.S. tariffs (50% to 18%) is a positive, expecting export volume recovery. Pyrolysis/rCB expansion is deferred to August 2026 for stabilization. A 3 Cr solar PPA investment aims for 3-4 Cr annual savings. For FY27, management is bullish, projecting mid-teen volume growth for reclaim rubber, boosted by new green energy capacity and improved polyolefin demand.