| Revenue growth | 20.7% YoY growth to ₹724.9Cr, driven by strong MDF volumes. |
|---|---|
| Margins | Consolidated core EBITDA margin expanded 50 bps YoY to 10.8%. |
| Demand visibility | Encouraging demand momentum continues across both segments for the full year. |
| Management confidence | Optimistic on demand but cautious on raw material cost volatility. |
Growth
Growth is volume-led with MDF up 24.7% and Plywood up 13.8% YoY. MDF realization improved 9.9% QoQ.
Outlook
Full-year volume guidance maintained at 10% for Plywood and 25-30% for MDF. Target peak net debt at ₹710-730Cr.
Risks
Chemical price spikes from Middle East tensions and ongoing losses in furniture/fittings JV. High debt-to-equity ratio at 0.57x.
Last quarter's promises, checked
Delivered
- Guided H2 FY26 double-digit growth → delivered 19.6% Q4 revenue growth (= BEAT)
- Guided Plywood volume growth → delivered 15.6% in Q4 (= BEAT)
- Guided PVC/WPC plant start April '26 → delivered commercial production commenced (= BEAT)
Partly delivered
- Guided MDF margin sustainability at 17% → delivered 17.3% but requires price hikes (= PARTIAL)
Missed
- Guided consolidated net debt ₹461Cr → delivered ₹533Cr in Q1 FY27 (= MISS)
Earnings Call Transcript filed with BSE, NSE: GREENPLY. Summary written with AI assistance from the document.
Greenply Industries Ltd: key numbers
- Share price
- ₹310.75
- Market cap
- ₹3,881 Cr
- Revenue (annual)
- ₹2,739 Cr
- Net profit (annual)
- ₹89.53 Cr
- P/E (TTM)
- 39.4×Sector 44.2×
- Promoter holding
- 51.93%+0.04% QoQ
- FII holding
- 4.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Greenply Industries Ltd
All →Greenply Industries Merger & Restructuring
Greenply Industries will dilute its stake in JV Greenply Samet Private Limited from 50% to ~18.98% via a capital infusion by partner Samet B.V.
Greenply Industries Debt & Borrowing: ₹200 Cr
Greenply Industries Limited has approved a corporate guarantee of ₹200 Crore in favour of IDBI Bank for a term loan availed by its subsidiary, GSPPL.
- Value
- ₹200.0 Cr
Greenply Industries Merger & Restructuring Worth ₹380 Cr
Greenply is restructuring its JV 'Greenply Samet', with partner Samet investing USD 30-40 million. This dilution allows Greenply to focus on its core businesses.
- Value
- ₹380.0 Cr
- Execution
- 2-3 years
Greenply Industries Board Meeting Outcome
Greenply approved a ₹200 Crore corporate guarantee for its subsidiary and a joint venture capital restructuring that will see the JV cease to be an associate.
- Value
- ₹200.0 Cr
Greenply Industries Management Change
Shareholders at the 36th Annual General Meeting approved the re-appointment of Ms. Vinita Bajoria and the appointment of Mr. Girish Kulkarni as Independent Directors.
Greenply Industries Annual General Meeting
Greenply Industries Limited submitted the voting results of its 36th Annual General Meeting held on August 25, 2026. All resolutions were passed.