| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 600.81 | 7.4% |
| Total Income | 613.98 | 6.2% |
| Expenditure | 573.09 | 5.9% |
| PBT | 45.32 | 1.7% |
| Net Profit | 28.46 | 71.4% |
| OPM | 10.99% | 0.50pp |
| NPM | 4.63% | 2.09pp |
| EPS | 2.28 | 71.4% |
Greenply Industries Reports Q1 FY26 Results: Revenue at Rs 601 Crores, Plywood Business Volume Degrowth, MDF Revenue Grows
29 Jul 2025 · 29 Jul 2025, 03:28 pm
Summary
Greenply Industries Limited, a leading manufacturer of Plywood, MDF and allied products, announced its financial results for the quarter ended June 30, 2025. The company reported a 2.9% YoY growth in consolidated revenue at Rs 601 Crores. The plywood business volume degrow by 3.1% YoY in Q1 FY26, while the MDF revenue grew by 11.7% YoY. The company's PAT was Rs 28 crore.
Key Highlights
- 1
Q1 FY26 revenue at Rs 601 crores, a growth of 2.9% YoY
- 2
Plywood Business volume degrow by 3.1% YoY in Q1 FY26; Core EBITDA margin at 7.9%
- 3
MDF Revenue of 147.3 Crs; Core EBITDA margin at 17.4%
- 4
Greenply Samet JV - Revenue at Rs 6.5 crores (100%); PAT loss of Rs 5.4 Crs (50%)
Management Comments
Mr. Manoj Tulsian
JMD & CEO, Greenply Industries Ltd.
The growth in the plywood business for the first quarter was not as per our expectations as we continued to face demand and liquidity challenges, however we have seen a decent recovery starting July supported by easing monetary policy. Also, we remain confident towards the later part of the year supported by favorable industry tailwinds such as BIS Implementation and softening in timber prices. Our Plywood EBITDA Margin stood at 7.9% in Q1 FY’26 with an improvement in realization of 4.1% on Y-o-Y basis. In the MDF business, our margins stood at 17.4% in Q1 FY’26 with a volume growth of 8.5% Y-o-Y. we remain confident in meeting our double-digit Volume and 16+ margin guidance in FY’26. We are also confident that our furniture fittings joint venture will deliver an encouraging revenue number in the upcoming year
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