Summary

Greenlam Industries Limited, a leading integrated substrate and surface solutions provider, announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a YoY growth of 17.3% in revenue, but also a net loss of 20.6 crore due to higher operating costs, forex fluctuations, exceptional items, and higher interest and depreciation for chipboard business.

Key Highlights

1. 1

   Net revenues stood at 706.3 crore, registering a YoY growth of 17.3%

2. 2

   Overall laminate business grew 8.1% in value terms on YoY basis

3. 3

   EBITDA before forex impact and exceptional items reported at 365.2 crore, degrowth of 0.4% YoY

4. 4

   Net loss stood at 20.6 crore

5. 5

   Working capital improved by 9 days on YoY basis to 58 days

6. 6

   Net revenues reported at 32,188.4 crore, a YoY growth of 15.9%

7. 7

   EBITDA before forex impact and exceptional items stood at 8226.9 crore, up by 7.5% YoY basis

8. 8

   Net Profit was lower by 76.8% YoY basis at 315.5 crore

9. 9

   Consolidated net revenues from operations witnessed a growth of 17.3%, at 3706.3 crores

10. 10

    Gross margins for the quarter improved by 60 bps and stood at 55.6%

11. 11

    Operating profit before forex fluctuations and exceptional items grew by 7.5% to 226.9 crores