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GRP Ltd Q1FY24; 81% rise in Profits

GRP Ltd, established in 1974, is a manufacturer of reclaimed rubber from used tyres, upscaled polyamide from nylon waste and engineered products die-cut from end-of- life tyres.

Financial Results:

  • GRP Ltd reported Revenues for Q1FY24 of ₹99.34 Crores down from ₹124.14 Crore year on year, a fall of 19.98%.
  • Total Expenses for Q1FY24 of ₹97.39 Crores down from ₹122.87 Crores year on year, a fall of 20.74%.
  • Consolidated Net Profit of ₹1.97 Crores up 80.73% from ₹1.09 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹14.78, up 80.68% from ₹8.18 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: rubber
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