| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 673.40 | 2.2% | 9.6% |
| Total Income | 674.45 | 2.3% | 9.3% |
| Expenditure | 640.91 | 3.1% | 10.4% |
| PBT | 29.70 | 1.7% | 18.7% |
| Net Profit | 14.34 | 10.3% | 41.2% |
| OPM | 8.18% | 0.06pp | 5.96pp |
| NPM | 2.13% | 0.19pp | 2.36pp |
| EPS | 1.15 | 10.2% | 41.3% |
Greenply Industries Reports Q3 FY26 Results: 9.6% YoY Revenue Growth, Plywood & MDF Volume Growth of 12.5% and 14.5% Respectively
04 Feb 2026 · 4 Feb, 2:48 pm
Summary
Greenply Industries Limited, a leading manufacturer of Plywood, MDF and allied products, has announced its financial results for the quarter ended December 31, 2025. The key financial highlights include a 9.6% YoY increase in consolidated revenue, 12.5% YoY growth in Plywood Business volume, and 14.5% YoY growth in MDF Business volume.
Key Highlights
- 1
Q3 FY26 consolidated revenue was Rs 673.4 Crores, a 9.6% YoY increase
- 2
Plywood Business volume grew by 12.5% Y-0-Y in Q3 FY26 with a Core EBITDA margin of 8.4%
- 3
MDF Business volume grew by 14.5% Y-o-Y in Q3 FY26 with a Core EBITDA margin of 10.1%
- 4
Greenply Samet JV total revenue was Rs 13.38 crores (100%)
- 5
Plywood Business - 9M FY26 revenue from Plywood & allied products was Rs 1,517.2 crores, a 5.0% increase on y-o-y basis
- 6
MDF Business - 9M FY26 revenue from MDF business was Rs 446.2 crores, 13.1% increase on y-o-y basis
- 7
Greenply Samet JV - 9M FY26 total revenue was Rs 31.28 crores (100%)
- 8
Consolidated - 9M FY26 revenue was Rs 1,962.8 crores, a 6.7% increase on y-o-y basis
Management Comments
Mr. Manoj Tulsian
JMD & CEO, Greenply Industries Ltd.
We are on track with our volume growth guidance. This is due to the strategic focus on our mid-bailey brand Ecotec achieving an overall 12.5% y-o-y volume growth. We are confident that this will continue with further improvement in margins. In our MDF business, after the successful expansion we experienced some initial challenges in the first 2 months of Q3 FY26, which impacted sales growth and resulted in margins of 10.1% for the quarter. We believe the revenue will be substantially better in coming quarters with margins reaching 16%.
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