GRP Limited reported a consolidated net loss of ₹1.34 crore in the quarter ended March 2026, marking a significant reversal from the net profit of ₹19.45 crore recorded in the corresponding quarter of the previous financial year. According to reports from Business Standard, this represents a substantial decline in the company's financial performance during the fourth quarter of FY26. The results were approved at the Board of Directors meeting held on May 15, 2026, and the company has scheduled an earnings call for May 18, 2026, at 5:00 PM IST to discuss operational and financial performance.
The company's sales declined by 9.87% to ₹144.52 crore in Q4 FY26 compared to ₹160.34 crore in the same quarter of the previous financial year. As reported by Business Standard, this revenue contraction contributed to the overall deterioration in the company's financial performance during the quarter. The decline was attributed to US tariff disruptions causing a ~33% drop in reclaim revenues from key customers and a ~44% impact on corresponding raw material margins. Additionally, the company faced increased raw material costs of key grades and one-time costs including ₹4.2 crore towards QIP cost write-off and ₹7.9 crore relating to the closure of the RC business.
The company's operating profit margin (OPM) decreased to 6.19% in Q4 FY26 from 20.49% in the corresponding quarter of the previous year. EBITDA fell by 71% to ₹94 crore from ₹331 crore in Q4 FY25, while EBITDA margin contracted sharply to 7% from 21% year-on-year. Additionally, PBDT (Profit Before Depreciation and Tax) fell by 82% to ₹5.43 crore from ₹29.85 crore in Q4 FY25, while PBT (Profit Before Tax) declined by 98% to ₹0.46 crore from ₹25.69 crore in the same period last year. The Pyrova business commercialization phase also resulted in EBITDA and PAT loss of ₹23.9 crore and ₹85 crore respectively during FY26.
The financial results demonstrate a clear deterioration in GRP Limited's performance metrics across all key parameters. According to the data reported by Business Standard, the company experienced significant declines in both revenue and profitability during the quarter ended March 2026, indicating challenging market conditions or operational challenges during this period. The sharp contraction in EBITDA and margin compression reflects significant pressure on operating profitability, with the company attributing the decline to multiple factors including tariff disruptions, higher raw material costs, and one-time expenses.
