Q1 2025 GRP Ltd Earnings Call Transcript
Key Points
- GRP Ltd (BOM:509152) reported a 27% increase in revenues, rising from INR999 million to INR1.267 billion year-over-year.
- EBITDA for the quarter saw a significant improvement, increasing by 88% to INR132 million compared to the same period last year.
- The company achieved a 13% year-on-year growth in export volume of reclaim rubber despite global market constraints.
- GRP Ltd (BOM:509152) recorded an EPR income of INR6 crores during the quarter, reflecting proactive engagement in environmental regulations.
- The company is making strides in renewable energy, achieving energy cost savings of INR1.65 crores through wind mills and biofuels.
- Realizations have marginally declined by about 2% to 2.5% due to reduced share of exports caused by the prolonged crisis in the Red Sea.
- There has been a marginal increase in freight costs, which the company has been unable to pass through to customers, impacting export margins.
- Operational margins have dipped due to lower export volumes and increased freight costs.
- Employee costs saw a one-time increase due to rewards given as part of the company's 50-year celebration.
- The company's tax liability has increased significantly due to deferred tax benefits converting into current tax liabilities and provisions for contingent tax liabilities.
Ladies and gentlemen, good day, and welcome to the GRP Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Harsh Gandhi, Managing Director of GRP Limited, for his opening remarks. Thank you, and over to you, sir.
Thank you so much, and a very good afternoon, ladies and gentlemen. Thank you for joining us on the GRP Limited's Q1 FY 2025 earnings conference call. Along with me today, I have our company's CFO, Shilpa Mehta; and SGA, our Investor Relations Advisors on the call.
We have uploaded our investor presentation on the stock exchanges and on the website, and I hope each of you have
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
