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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
GRP Ltd

GRP Ltd Q2 FY27 Consolidated Income up 30% to Rs. 1,727 Mn

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 28 Oct 2026, 11:06 PM IST  ·  BSE ID: 64d81052-1ec1-4897-9649-f35fde4d36fa
View Original BSE Filing (PDF)
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In Simple Terms
GRP Ltd's latest financial report shows a significant increase in its income and profits for the September 2026 quarter and half-year.
🤖 AI Summary
  • GRP Ltd reported Q2 FY27 consolidated total income of Rs. 1,727 Mn, a 30% increase year-over-year.
  • Consolidated Profit After Tax (PAT) for Q2 FY27 reached Rs. 64 Mn, growing 226% from Q2 FY26.
  • For H1 FY27, consolidated total income was Rs. 3,300 Mn, marking a 28% YoY increase.
  • H1 FY27 consolidated PAT stood at Rs. 106 Mn, an increase of 185% compared to H1 FY26.
  • Rubber Recycling revenue in H1 FY27 grew 30% YoY to Rs. 2,963 Mn; Plastics recycling revenue grew 38% YoY.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q2 FY27 Consolidated Total Income
1,727 Rs. Mn
30%
Q2 FY27 Consolidated PAT
64 Rs. Mn
226%
H1 FY27 Consolidated Total Income
3,300 Rs. Mn
28%
H1 FY27 Consolidated PAT
106 Rs. Mn
185%
Q2 FY27 Consolidated Gross Profit Margin
46%
🏢 How This Affects the Company
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Business Impact
Consolidated operating revenue grew 29% YoY in H1 FY27, driven by 24% volume growth and a 4% increase in selling prices, indicating sustained market demand and pricing power. The Rubber Recycling business recorded a 30% YoY H1 revenue growth to Rs. 2,963 Mn, while Plastics recycling revenue grew 38% YoY.
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Financial Impact
Consolidated PAT increased 226% to Rs. 64 Mn in Q2 FY27 and 185% to Rs. 106 Mn in H1 FY27, improving profitability. EBITDA margins for Q2 FY27 increased to 11% from 9% YoY, and H1 FY27 EBITDA margins increased to 11% from 9% YoY. Investment in Pyrova Energy stood at Rs. 114 Cr as of Q2 FY27 end.
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Operational Impact
The company's renewable energy initiatives generated savings of Rs. 3.46 Cr in H1 FY27. Working capital cycle reduced by 11 days, reflecting improved cash flow planning and disciplined management. Commissioning activities for the recovered carbon black (rCB) facility under Pyrova Energy are progressing.
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Risk Impact
Elevated raw material costs continue to pressure gross margins, although the company is focusing on sourcing diversification and material optimisation. Geopolitical tensions kept energy and freight costs elevated, impacting the global tyre industry and cost pressures.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results submission.
👤
Who Is Affected
All shareholders are affected as the company's Q2 and H1 FY27 financial performance indicates a notable increase in revenue and profitability, impacting overall company value.
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Management Signal
Management is signaling a focus on growth, operational efficiencies, and diversification into sustainable solutions like plastic recycling and recovered carbon black.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor continued growth in income and profitability.
Progress on Pyrova Energy's recovered carbon black facility commissioning by March 2027.
Completion of Gujarat solar project Phase 2 — verify expected annual savings of Rs. 3-4 Cr.
MEDIUM RISK Elevated raw material costs continue to pressure gross margins, and global geopolitical tensions impact energy and freight costs.
💡 Investor Takeaway
GRP Ltd reported a 30% YoY increase in Q2 FY27 consolidated total income to Rs. 1,727 Mn, and a 226% YoY rise in PAT to Rs. 64 Mn. H1 FY27 consolidated total income grew 28% to Rs. 3,300 Mn, with PAT up 185% to Rs. 106 Mn, reflecting strong operational performance.
⚖️ Strengths & Concerns

✅ Positives

  • Consolidated PAT increased by 226% YoY to Rs. 64 Mn in Q2 FY27 and 185% YoY to Rs. 106 Mn in H1 FY27.
  • Consolidated Total Income grew 30% YoY to Rs. 1,727 Mn in Q2 FY27 and 28% YoY to Rs. 3,300 Mn in H1 FY27.

⚠️ Concerns

  • Gross Profit Margin for Q2 FY27 decreased to 46% from 51% YoY, indicating pressure from raw material costs.
  • Gross Profit Margin for H1 FY27 decreased to 47% from 51% YoY, reflecting continued cost pressures.
📅 Company Track Record
GRP Ltd previously reported Q1 FY27 standalone net profit of Rs. 482.03 Lakhs on revenue of Rs. 15,565.01 Lakhs in a filing dated 2026-07-23. The company announced its board meeting on October 28, 2026, to approve Q2/H1 FY27 results.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was GRP Ltd's consolidated total income in Q2 FY27?
GRP Ltd's consolidated total income for Q2 FY27 was Rs. 1,727 Mn, marking a 30% increase year-over-year from Q2 FY26.
What was GRP Ltd's consolidated Profit After Tax (PAT) for Q2 FY27?
The consolidated Profit After Tax (PAT) for GRP Ltd in Q2 FY27 was Rs. 64 Mn, a 226% increase compared to Q2 FY26.
How did GRP Ltd's H1 FY27 consolidated income perform?
GRP Ltd's consolidated total income for H1 FY27 reached Rs. 3,300 Mn, representing a 28% year-over-year increase from H1 FY26.
What was the growth in GRP Ltd's Rubber Recycling business for H1 FY27?
The Rubber Recycling business of GRP Ltd saw its H1 FY27 revenue grow by 30% year-over-year, reaching Rs. 2,963 Mn.
What is the investment status of Pyrova Energy as of Q2 FY27?
Investment in Pyrova Energy stood at Rs. 114 Cr as of Q2 FY27 end, which includes Rs. 11 Cr in capital work-in-progress (CWIP).

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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