GRP Ltd.'s Q4 FY2022-23 results show significant growth with net profit up 77.10% to ₹213.00 crore and revenue increasing 12.30% to ₹155.00 crore year-over-year. EBITDA stood at ₹33.20 crore with a 21.32% margin. The company has recommended a dividend of ₹14.50 per equity share, subject to AGM approval.
25Mar 25
GRP Limited Launches Commercial Production at New Crumb Rubber Facility
GRP Limited has commenced commercial production at its new crumb rubber manufacturing unit in Solapur, Maharashtra on March 24, 2025. The facility, built with an investment of ₹25 crore, has an annual production capacity of 31,875 metric tonnes. Financed through ₹18 crore in borrowings and ₹7 crore from internal accruals, the expansion aims to meet growing demand in industries such as reclaim rubber production, tyre manufacturing, and road surfacing.