GRP revenue falls 2% as profit plunges 60%

GRP Limited reported a 2% decline in revenue to Rs 1,247 million for Q1 FY26, with net profit falling 60% to Rs 17 million due to a 7% volume drop from global uncertainties and temporary production pause.

The non-reclaim segment bucked the trend with 17% revenue growth. The company drew €7.5 million from a Proparco-backed facility for its continuous pyrolysis facility.

GRP plans capital expenditure of up to Rs 250 crores, with Rs 150 crores to be deployed by December 2025 for new technologies and expansion.