| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 688.57 | 14.6% | 7.5% |
| Total Income | 690.33 | 12.4% | 7.5% |
| Expenditure | 661.14 | 15.4% | 8.0% |
| PBT | 29.19 | 35.6% | 2.9% |
| Net Profit | 15.98 | 43.8% | 9.0% |
| OPM | 8.24% | 2.75pp | 8.47pp |
| NPM | 2.32% | 2.31pp | 1.10pp |
| EPS | 1.28 | 43.9% | 9.9% |
Greenply Industries Reports Q2 FY26 Consolidated Revenue Growth of 7.5% YoY
04 Nov 2025 · 4 Nov 2025, 02:14 pm
Summary
Greenply Industries Limited, a leading manufacturer of Plywood, MDF and allied products, announced its financial results for the quarter ended September 30, 2025. The company reported a 7.5% increase in consolidated revenue to Rs 688.6 Crores. The Plywood Business volume grew by 7.2% YoY with a core EBITDA margin of 8.2%. The MDF business reported a revenue of 146.8 Crs with a core EBITDA margin of 8.3%. The Greenply Samet JV reported a total revenue of 11.36 crores.
Key Highlights
- 1
Q2 FY26 Consolidated revenue at Rs 688.6 Crores, a growth of 7.5% YoY
- 2
Plywood Business volume grew by 7.2% YoY in Q2 FY26
- 3
Core EBITDA margin at 8.2% for Plywood Business
- 4
MDF Revenue of 146.8 Crs; Core EBITDA margin at 8.3%
- 5
Greenply Samet JV reported a total revenue of 11.36 crores
- 6
H1 FY26 e Revenue from Plywood & allied products was Rs 995.5 crores
- 7
H1 FY26 e Revenue from MDF business was Rs 294.2 crores
- 8
Greenply Samet JV — H1 FY26 e Total revenue was Rs 17.9 crores (100%)
Management Comments
Mr. Manoj Tulsian
JMD & CEO, Greenply Industries Ltd.
We have witnessed demand recovery in the plywood segment starting from Q2 FY26 and we remain optimistic about sustaining this positive momentum through the second half of the year. We aspire to achieve our guidance of double-digit volume growth in H2FY26 in plywood segment supported by the recovery trend that gained traction from Q2FY26, and margins would be better in H2 compared to H1FY26. In our MDF business, we successfully expanded our manufacturing capacity from 800 CBM per day to 1,000 CBM per day. Production during the quarter was temporarily impacted due to the expansion- related shutdown, resulting in lower-than-expected sales and moderate margins of 8.3% in Q2 FY26. With operations now fully normalized, we are confident of a strong rebound in the second half and expect to return to double-digit margin levels as well as volume growth consistent with our earlier guidance. Our JV Greenply Samet revenue is ramping up well witnessing a q-o-q growth of 74%, achieving revenues of Rs.11.3 crore during this quarter.”
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