Integrated Filing — IndAS



General information about company

Scrip Code 509152
NSE Symbol GRPLTD
MSEI Symbol NOTLISTED
ISIN INE137I01015
Name of company GRP Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 28-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-10-2026   14:00:00
End date and time of board meeting 28-10-2026   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 17,233.55 32,916.63
Other income 37.04 83.09
Total income 17,270.59 32,999.72
2 Expenses
(a) Cost of materials consumed 9,683.64 18,176.90
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (320.68) (681.40)
(d) Employee benefit expense 1,641.58 3,305.12
(e) Finance costs 415.76 811.56
(f) Depreciation, depletion and amortisation expense 519.85 1,019.01
(f) Other Expenses
1 Other Expenses 4,444.46 8,641.35
Total other expenses 4,444.46 8,641.35
Total expenses 16,384.61 31,272.54
3 Total profit before exceptional items and tax 885.98 1,727.18
4 Exceptional items 0.00 0.00
5 Total profit before tax 885.98 1,727.18
6 Tax expense
7 Current tax 150.74 522.12
8 Deferred tax 97.60 147.58
9 Total tax expenses 248.34 669.70
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 637.64 1,057.48
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 637.64 1,057.48
17 Other comprehensive income net of taxes 79.79 177.21
18 Total Comprehensive Income for the period 717.43 1,234.69
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 637.65 1,057.46
Total profit or loss, attributable to non-controlling interests (0.01) 0.02
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 79.79 177.21
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 533.33 533.33
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.96 19.83
Diluted earnings (loss) per share from continuing operations 11.95 19.81
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.96 19.83
Diluted earnings (loss) per share from continuing and discontinued operations 11.95 19.81
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. 2. The above results for the quarter and half year ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on 28th October, 2026 and the same was subjected to Limited Review by the Statutory Auditors of the Company, as required under Regulation 33 of SEBI (Listing Obligations and Disclosures requirements) Regulations, 2015. 3. Based on the “management approach” as defined in Ind AS 108 – Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators of the business segments in which the Group operates. Based on an internal assessment of the business carried out, the Group has renamed its reportable segment to 'Rubber Recycling' from the preceding quarter and smaller business segments not separately reportable have been grouped under the heading 'Others'. Accordingly, the previous period figures are regrouped as required. 4.During the quarter, the Parent Company has paid the dividend of Rs. 3.50 per equity share aggregating to Rs. 186.67 Lakhs for the financial year 2025-2026 approved by the shareholder of the Company at the Annual General Meeting held on 23rd July, 2026. 5.Figures for the previous period are regrouped/reclassified wherever necessary, to make them comparable.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 22,389.56
Capital work-in-progress 2,382.61
Investment property 92.13
Goodwill 0.00
Other intangible assets 34.45
Intangible assets under development 13.69
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 276.94
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Others 320.75
Total of other non-current financial assets 320.75
Total non-current financial assets 597.69
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 1,161.00
Total of other non-current assets 1,161.00
Total non-current assets 26,671.13
2 Current assets
Inventories 5,725.30
Current financial asset
Current investments 508.91
Trade receivables, current 10,979.86
Cash and cash equivalents 24.13
Bank balance other than cash and cash equivalents 96.16
Loans, current 0.00
Other current financial assets
Total of other current financial assets 3,310.42
Total current financial assets 14,919.48
Current tax assets (net) 380.16
Other current assets
1 Other current assets 1,227.60
Total of other current assets 1,227.60
Total current assets 22,252.54
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 48,923.67
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 533.33
Other equity 18,441.69
Total equity attributable to owners of parent 18,975.02
Non controlling interest 0.67
Total equity 18,975.69
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 9,121.90
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Libilities 91.26
2 Other Financial liabilities 9.30
Total of other non-current financial liabilities 100.56
Total non-current financial liabilities 9,222.46
Provisions, non-current 252.28
Deferred tax liabilities (net) 1,600.53
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 11,075.27
Current liabilities
Current financial liabilities
Borrowings, current 12,786.35
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,547.35
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 932.40
Total Trade payable 2,479.75
Other current financial liabilities
1 Lease Liabilities 38.61
2 Other current financial liabilities 1,162.03
Total of other current financial liabilities 1,200.64
Total current financial liabilities 16,466.74
Other current liabilities 2,128.14
1 Other current liabilities 2,128.14
Total of other current liabilities 2,128.14
Provisions, current 277.83
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 18,872.71
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 29,947.98
Total equity and liabilites 48,923.67
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 a) Rubber Recycling 15,703.95 30,660.49
2 b) Others 3,154.88 5,217.26
3 Less: Goods and Service Tax 1,625.28 2,961.12
Total Segment Revenue 20,484.11 38,838.87
Less: Inter segment revenue 0.00 0.00
Revenue from operations 20,484.11 38,838.87
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 a) Rubber Recycling 1,864.35 3,821.52
2 b) Others 330.62 551.03
3 Less: Goods and Service Tax 0.00 0.00
Total Profit before tax 2,194.97 4,372.55
i. Finance cost 415.76 811.56
ii. Other Unallocable Expenditure net off Unallocable income 893.23 1,833.81
Profit before tax 885.98 1,727.18
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 a) Rubber Recycling 38,577.35 38,577.35
2 b) Others 5,573.52 5,573.52
3 Less: Goods and Service Tax 0.00 0.00
Total Segment Asset 44,150.87 44,150.87
Un-allocable Assets 4,772.79 4,772.79
Net Segment Asset 48,923.66 48,923.66
4 Segment Liabilities
Segment Liabilities
1 a) Rubber Recycling 13,726.90 13,726.90
2 b) Others 3,002.60 3,002.60
3 Less: Goods and Service Tax 0.00 0.00
Total Segment Liabilities 16,729.50 16,729.50
Un-allocable Liabilities 13,219.14 13,219.14
Net Segment Liabilities 29,948.64 29,948.64
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 23.09 25.65
Total Amount of items that will not be reclassified to profit and loss 23.09 25.65
2 Income tax relating to items that will not be reclassified to profit or loss 5.81 6.46
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 83.54 211.17
Total Amount of items that will be reclassified to profit and loss 83.54 211.17
4 Income tax relating to items that will be reclassified to profit or loss 21.03 53.15
5 Total Other comprehensive income 79.79 177.21



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,727.18
Adjustments for reconcile profit (loss)
Adjustments for finance costs 812.16
Adjustments for decrease (increase) in inventories (541.02)
Adjustments for decrease (increase) in trade receivables, current (904.55)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current (310.80)
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,019.01
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 163.47
Adjustments for dividend income 0.00
Adjustments for interest income 6.94
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 106.50
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 337.83
Net cash flows from (used in) operations 2,065.01
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 331.43
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,733.58
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1.39
Purchase of property, plant and equipment 2,712.04
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 590.23
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 6.94
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 10.44
Net cash flows from (used in) investing activities (2,103.04)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,305.07
Repayments of borrowings 1,028.55
Payments of lease liabilities 0.00
Dividends paid 186.67
Interest paid 784.04
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (22.75)
Net cash flows from (used in) financing activities 283.06
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (86.40)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (86.40)
Cash and cash equivalents cash flow statement at beginning of period (156.67)
Cash and cash equivalents cash flow statement at end of period (243.07)





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Rajendra & co Yes 31-08-2027