GRPLTD GRP Q3 FY25 results (Oct–Dec 2024) and concall
GRP Limited reported a strong 20% YoY growth in total income for both Q3 and 9M FY25, driven by increased volumes in both Reclaim and non-Reclaim businesses. Despite this, gross margins faced pressure due to elevated raw material prices and fixed customer pricing, leading to a 246 bps YoY decline in Q3. The company is progressing with its INR 250 crore capex plan for the tyre recycling ecosystem, with the first pyrolysis line expected to commence operations by Q4 FY25, and anticipates margin stabilization from Q4 FY25 due to pricing adjustments.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 127 | 129 |
| EBITDA | 11 | 13 |
| Net profit | 5 | 6 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
