| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 614.45 | 4.1% |
| Total Income | 617.11 | 3.9% |
| Expenditure | 580.60 | 5.2% |
| PBT | 36.51 | 21.4% |
| Net Profit | 24.36 | 38.7% |
| OPM | 2.22% | 2.45pp |
| NPM | 4.49% | 1.07pp |
| EPS | 1.96 | 38.0% |
Greenply Industries Reports Q3 FY25 Consolidated Revenue at Rs 614 Crores, a Growth of 5.6% YoY
06 Feb 2025 · 6 Feb 2025, 10:24 pm
Summary
Greenply Industries Limited, a leading manufacturer of Plywood, MDF and allied products, announced its financial results for the quarter ended December 31, 2024. The company reported a consolidated revenue of Rs 614 crores, a growth of 5.6% YoY. The Plywood Business, which includes Greenply Standalone and Subsidiaries, reported a revenue of Rs 479 crores, a growth of 5.6% YoY. The MDF Business reported a revenue of Rs 134.6 crores, a growth of 4.8% YoY. The net profit was Rs 1.7 crores as compared to a net loss of Rs.0.2 Crores in Q3 FY24.
Key Highlights
- 1
Q3 FY25 Consolidated revenue at Rs 614 Crores, a growth of 5.6% YoY
- 2
Plywood Business volume grew by 2.8% YoY in Q3 FY25; EBITDA margin at 8.4%
- 3
MDF Revenue of 134.6 Crs in a quarter impacted by plant shutdown
- 4
Net profit was Rs 1.7 crores as compared to Net loss of Rs.0.2 Crores in Q3 FY24
- 5
Company expects revenue and margin improvement in Q4 FY25
Management Comments
Mr. Manoj Tulsian
JMD & CEO, Greenply Industries Ltd.
We have been consistently seeing growth in our plywood business for last few years, but the Q3 numbers have been lower than the trend seen recently. We are confident that it will rebound in Q4 and also believe in improving margin in Q4 to about 10%. In the MDF business, we faced an unforeseen plant shutdown in the quarter due to equipment failure. In the fourth quarter we believe that the revenue will be substantially better and margins to be stronger at about 16%.
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