GRP Limited

rs,

25/07/2025 To BSE Limited Phiroze Jeejeebhoy Towers, Street, Dalal 001. Mumbai 400 - To National Stock Exchange of India Ltd. Exchange Plaza,

Rs 1,247 million

ng note, with headwinds impacting both revenue and profitability. Total income for Q1 FY26 stood at Rs 1,247 million, reflecting a marginal year-on-year decline, primarily due to a 7% drop in volumes caused by globa

7%

Q1 FY26 stood at Rs 1,247 million, reflecting a marginal year-on-year decline, primarily due to a 7% drop in volumes caused by global uncertainties and a temporary maintenance-related pause of one of

80%

nance-related pause of one of our production lines, which resulted in utilisation levels of around 80% in the reclaim business. Revenue performance was impacted by an unfavorable geographic mix while do

5%

enue performance was impacted by an unfavorable geographic mix while domestic revenue registered a 5% year-on-year growth, export revenue declined by 9% amid softer demand in key overseas markets. Des

9%

graphic mix while domestic revenue registered a 5% year-on-year growth, export revenue declined by 9% amid softer demand in key overseas markets. Despite upward price revisions, lower export volumes a

10%

the industry front, India’s reclaim rubber exports rose 5% during the quarter lower than the FY25 10% growth—with shipments to Asia and North America declining by 14%. Profitability was further press

14%

g the quarter lower than the FY25 10% growth—with shipments to Asia and North America declining by 14%. Profitability was further pressured by sustained raw material cost inflation and mix challenges,

17%

, although we made progress in optimizing operating expenses. In the Non-RR segment, revenue rose 17% year-on-year, supported by growth in volumes. While Engineering Plastics volumes were impacted by s

7.5 million

ss but is on a gradual path to improvement. As part of our ongoing strategic investments, we drew €7.5 million from the Proparco-backed ECB facility till Q1 FY26. This will support the commissioning of our cont

2%

n the quarters ahead.” www.grpweb.com 4 Q1 Performance Highlights - Consolidated Total Income -2% 1,267 1,247 EBITDA -18% 132 109 (in Rs. Mn) PAT -60% 44 17 Q1FY25 Q1FY26 Q1FY25 Q1FY

18%

.grpweb.com 4 Q1 Performance Highlights - Consolidated Total Income -2% 1,267 1,247 EBITDA -18% 132 109 (in Rs. Mn) PAT -60% 44 17 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Gross Ma

Product

2

Process

2

Application

2

Access to in-house raw material

1

Growing end-use applications

1

Sustainability focus

1

Rising demand for recycled polypropylene

1

Demand supply gap of Virgin Polypropylene

1

Introduction of sustainability guidelines

1

Pyrolysis Oil and Char

1

Product

• The R&D team develops new grades in response to market demand • These grades enable customers to substitute virgin compounds more effectively

Process

• Focused efforts on reducing CO2 emissions through process innovations that minimize the use of coal, oil, and natural gas in manufacturing • Developed proprietary mechanical devulcanization processes, replacing the previously used thermal methods

Application

• • Concentrated efforts on reclaiming materials from non-tyre sources for broader use in the rubber Joint R&D to help customers utilize higher content of recycled materials as substitutes industry www.grpweb.com 22 Limitless Possibilities In Waste To Wealth With Growing Market Globally 28mn vehicles are produced every year 190mn new tyres are available in domestic market every year 20mn vehicles are nearing End-of-Life by 2025(F) ~1.6mn MT of EoL material is generated, if untreated ends up in landfills Value Addition and Recovery in INDIA 98% RECLAIM RUBBER RECOVERED CARBON BLACK CRUMB RUBBER PY OIL TYRE CORD NYLON Reclaim Rubber Market Global (USD Mn) CAGR: 11% 2,160 1,272 CAGR: 10% 1,046 FY21 FY23E FY28E India (USD Mn) CAGR: 12% 182 CAGR: 11% 83 103 STEEL FY21 FY23E FY28E s r e v i r D h t w o r G y e K Rising focus on sustainability by governments across the globe as the need for circular economy and environment friendly products / process gain steam Focused efforts by leading tire

Access to in-house raw material

▪ Nylon extracted from end-of-life tyres provides raw material for the plastics vertical, thus increased tyre processing enhances access to secondary Nylon

Growing end-use applications

▪ Significant growth driven by rising demand across various end-use applications like automotive, electrical, building and construction, etc.

Sustainability focus

▪ Increased focus on use of sustainable materials across the value chain by leading manufacturers globally Source: Avendus Report, Other Market reports, Internal estimates