| Revenue growth | Consolidated Q2 +16.1% YoY; H1 +18.2% |
|---|---|
| Margins | Consolidated core EBITDA 11.2% Q2; plywood 10.05%, MDF 15.2% |
| Demand visibility | Cites emerging new-normal opportunity; no metrics |
Growth
Q2 PAT Rs 42.7 Cr vs Rs 16.0 Cr; H1 PAT Rs 80.3 Cr (+80.8%). Plywood revenue +15.5%, MDF +18.4% YoY.
Outlook
No numeric guidance. Capex WIP: Odisha plywood (13.5 Mn sqm), Vadodara MDF Line 2 (2.1 lakh CBM).
Risks
Greenply Samet JV losses (Rs 6.3 Cr Q2, Rs 12.1 Cr H1); forex loss on borrowings; MDF revenue down 11.1% QoQ.
Last quarter's promises, checked
Delivered
- Plywood EBITDA ~10% → 10.05% (= BEAT, marginal)
Partly delivered
- Plywood FY vol +10% → Q2 +6.1% YoY, Q1 +13.8% (= PARTIAL)
- Peak debt Rs 710–725 Cr, D/E 0.75x at Mar-27 → Q2 net debt Rs 544 Cr, D/E 0.56x (= PARTIAL, FY-end untested, net vs gross basis)
Missed
- MDF EBITDA 16–17% sustainable → Q2 15.2% (= MISS)
- MDF FY vol +25–30% → Q2 +16.1% YoY (= MISS, run-rate)
- JV losses zero by mid-FY28 → Q2 loss Rs 6.3 Cr vs Rs 5.74 Cr Q1 (= MISS, trend)
Investor Presentation filed with NSE, NSE: GREENPLY. Summary written with AI assistance from the document.
Greenply Industries Ltd: key numbers
- Share price
- ₹303.70
- Market cap
- ₹3,793 Cr
- Revenue (annual)
- ₹2,739 Cr
- Net profit (annual)
- ₹89.53 Cr
- P/E (TTM)
- 38.5×Sector 41.1×
- Promoter holding
- 51.93%+0.00% QoQ
- FII holding
- 4.66%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 Board Meeting Outcome
Greenply appoints MSKA & Associates LLP as statutory auditor for five years from the 2027 AGM, subject to shareholder approval. Incumbent BSR & Co. continues until then.
- Execution
- 5 years, from the conclusion of the 37th AGM (2027) to the conclusion of the 42nd AGM (2032)
Greenply Industries Capacity Expansion: ₹30 Cr Investment
Greenply's board approved further investment of up to INR 30 crore in its wholly owned subsidiary Greenply Sandila Private Limited for plywood capacity expansion. The funds will be paid in one or more tranches by Q4 FY2028.
- Value
- ₹30.00 Cr
- Execution
- Q4 of FY 2028, in one or more tranches
Greenply Industries Capacity Expansion
Greenply's board noted a 15 million sq mtr plywood capacity expansion at subsidiary Greenply Sandila, due by Q4 FY2028. Approximately Rs. 125 crore investment is planned.
- Execution
- By Q4 of FY 2028
- plywood manufacturing capacity
- 15.0 million sq mtr
Greenply Industries Management Change
Greenply Industries appointed Gaurav Drolia as Executive Vice President and Chief Strategy Officer, effective October 31, 2026. He is also designated Senior Management Personnel.
Greenply Industries Employee Stock Options
Greenply Industries allotted 500 equity shares under its ESOP 2020 scheme on 29 October 2026. The allotment lifts paid-up capital to Rs.12,49,02,545.
Greenply Industries Results Update
Greenply Industries reported Q2 FY27 consolidated revenue of Rs 799.7 crore, up 16.1% year-on-year. The press release summarises unaudited results for the quarter and half year.