Greenlam Industries Ltd

Greenlam Industries Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. Net revenues grew by 18.2% year-on-year to ₹796.7 crore. EBITDA before forex impact and exceptional items increased by 48.3% to ₹81.1 crore. The company reported a net profit of ₹21.2 crore, a significant turnaround from a net loss of ₹15.7 crore in the same quarter last year. The chipboard business turned EBITDA positive, and working capital improved by 3 days to 56 days. The Managing Director highlighted steady performance despite challenging market conditions, with growth across all business segments.

Greenlam Industries Ltd has announced its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were approved by the Board of Directors on August 07, 2026. The company also submitted segment-wise revenue, results, assets, liabilities, and capital employed. The statutory auditors have carried out a limited review of these results. The financial results and limited review reports are available on the company's website.

Greenlam's consolidated Q1FY27 revenue came in at ₹796.70 Cr, up 18.2% YoY and squarely within management's own "18% top-line growth" guidance from the Q4FY26 concall, though down 7.1% QoQ from ₹857.66 Cr — a sequential dip consistent with Q4 being the seasonally stronger quarter for building-materials demand rather than a demand problem. Consolidated PAT swung to ₹21.24 Cr from a ₹15.71 Cr loss a year ago, a genuine operational turnaround (no exceptional items sit in either period), though it fell 47.6% QoQ from ₹40.55 Cr. NPM improved to 2.67% from -2.32% YoY, and OPM (EBITDA/revenue, ex-other income) expanded to 10.02% from 6.54% YoY but compressed from 12.62% QoQ. Analyst previews (HDFC Sec, ICICI Direct) had flagged FY27 revenue growth of 18-20% and an EBITDA margin path toward ~12.5%, both of which this quarter is broadly tracking toward, though still below the full-year target run-rate. The turnaround is almost entirely a subsidiary story, not a standalone one — a divergence worth flagging since standalone and consolidated tell materially different tales this quarter. Standalone (India laminates + plywood) revenue grew just 4.8% YoY to ₹584.41 Cr and standalone PAT actually fell 8.9% YoY to ₹22.51 Cr. The consolidated swing came from the Panel & Allied Products segment (chipboard/particle board, housed in subsidiary Greenlam Limited), whose segment loss narrowed sharply to -₹3.06 Cr from -₹34.17 Cr a year ago and -₹15.00 Cr last quarter. Plywood segment losses also narrowed, to -₹3.40 Cr from -₹7.22 Cr YoY. Some analyst previews had flagged chipboard reaching EBITDA breakeven as early as Q1FY27 — that specific milestone was not hit (still a ₹3.06 Cr segment loss), though the trajectory is consistent with management's guidance of breakeven "within FY27." No press release commentary from management was available to cross-check against the numbers. Corporate developments this quarter were largely procedural: the AGM on July 29 passed all resolutions and re-appointed Yogesh Kapur as an independent director, and the FY26 Business Responsibility & Sustainability Report and integrated annual report were released — neither bears directly on the print. The one operationally relevant disclosure is the Naidupeta (Andhra Pradesh) brownfield laminate expansion (2.0 Mn sheets/boards p.a.), where major equipment has now been ordered and the project remains on schedule for commercial production in Q4FY27, consistent with management's stated FY27 capex focus on optimising existing investments rather than new capacity. Going into Q2FY27, the read is: consolidated growth is on the guided track and the loss-making subsidiary businesses are healing, but the healing isn't yet complete (Panel segment still loss-making) and it isn't showing up in the standalone India business, where growth and profit both cooled YoY.

Greenlam Industries Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Concurrently, the company has closed its trading window for designated persons from July 1, 2026, reopening on August 10, 2026, post the submission of financial results. An Analysts and Investor Meet is also scheduled for August 10, 2026.

Greenlam Industries Ltd held its 13th Annual General Meeting (AGM) on July 29, 2026, through video conferencing. The company announced that all resolutions presented at the AGM were passed with the requisite majority. These resolutions included the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, the declaration of a final dividend of Re. 0.40 per equity share, and the re-appointment of Ms. Parul Mittal as a Director. The voting results, along with the Scrutinizer's Report, have been uploaded to the company's website.

Greenlam Industries Ltd has announced the re-appointment of Mr. Yogesh Kapur as an Independent Director for a second term of five years, commencing from July 29, 2026. This decision was based on recommendations from the Nomination, Remuneration & Compensation Committee and the Board of Directors. Mr. Kapur, a Fellow Chartered Accountant with over 43 years of experience in financial services, including investment banking with HDFC, HSBC, Enam Securities, and Axis Bank, brings extensive expertise. He has advised on strategic initiatives, restructuring, and public listings, and has served on government committees. His re-appointment is subject to shareholder approval at the upcoming AGM.

Greenlam Industries Ltd has announced its 13th Annual General Meeting (AGM) will be held on Wednesday, July 29, 2026, at 11:30 a.m. IST via Video Conference/Other Audio Visual Means. The company is sending letters with web links to shareholders whose email addresses are not registered, providing access to the Integrated Annual Report and Notice of the 13th AGM for FY 2025-26. Electronic copies are being emailed to registered shareholders. Key dates include a record date for final dividend on July 3, 2026, and e-voting from July 26 to July 28, 2026. Shareholders can request physical copies or update their details through the provided contact information.

Greenlam Industries Limited has announced its 13th Annual General Meeting (AGM) will be held on Wednesday, July 29, 2026, at 11:30 a.m. IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), in compliance with current regulations. Key agenda items include the adoption of audited financial statements for the fiscal year ended March 31, 2026, the declaration of a final dividend of Re. 0.40 per equity share, and the re-appointment of directors Ms. Parul Mittal and Mr. Jalaj Ashwin Dani who are retiring by rotation. Additionally, the re-appointment of Mr. Yogesh Kapur as an Independent Director will be considered. The cut-off date for determining voting rights is July 23, 2026.

Greenlam Industries Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI regulations. The report details the company's corporate identity, operational overview, employee statistics, and market presence. Key disclosures include the company's CIN, registered and corporate addresses, and contact information for queries. The reporting boundary is consolidated at the manufacturing subsidiaries level for FY25-26 and FY24-25. The company's business activities primarily involve manufacturing wood and wood products, contributing 100% to turnover. Major products include laminates (79.9% of turnover), plywood (13.1%), and panel products (7.0%). Greenlam operates across 28 states and 8 union territories nationally, and serves over 120 countries internationally, with exports accounting for 43.8% of total turnover. The report also provides detailed employee data, including permanent and other than permanent employees and workers, with a breakdown by gender.

Greenlam Industries Ltd has released its Integrated Annual Report for the financial year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which will be presented for adoption at the 13th Annual General Meeting on July 29, 2026, details the company's business analysis, sustainability efforts, financial statements, corporate governance, and management discussion. It also includes a forward-looking statement section to aid investor decision-making. The report covers operations in India and overseas, including 16 subsidiaries, and aligns with international frameworks like the IIRC's Integrated Reporting Framework and UNSDGs. The company emphasizes its commitment to sustainable value creation and enhanced ESG disclosures.