GRP Ltd. Q1 FY27 results showed strong growth: Total income rose 26% year-on-year to INR 157.3 Cr, EBITDA surged 60% to INR 17.4 Cr (11% margin), and Profit After Tax more than doubled to INR 4.2 Cr.

This performance was driven by significant volume growth, notably in the Rubber Recycling segment (+34% revenue) and the stabilizing Pyrova Energy operations.

Management highlighted the successful integration of its circular materials platform, expecting FY27 revenue growth over 20% with improving EBITDA margins.

Reclaim Rubber aims for 10-14% EBITDA margins post-Pyrova synergy, Pyrova targets 15-20% after recovered carbon black (rCB) becomes operational by October 2026, and Plastics targets 12-15%. FY27 capital expenditure is set at INR 90-100 Cr, focusing on Pyrova expansion and rCB.

The company projects structural margin expansion, supported by strong export recovery and increased renewable energy use.