Greenlam Industries reported a standalone net profit of ₹22.51 crore for the quarter ended June 30, 2026, marking a 9% year-on-year decline from ₹24.71 crore in Q1FY25. While profitability contracted slightly on a standalone basis, the company's consolidated revenue from operations expanded by 18% to ₹796.70 crore, up from ₹673.79 crore in the corresponding period of the previous fiscal year. On a consolidated basis, EBITDA surged to ₹797M with margins expanding significantly to 10.01% from 6.54% year-on-year, underscoring improved operational efficiency across its global entities. The divergence between standalone and consolidated performance highlights the growing contribution of its international subsidiaries and new product segments.

The Board of Directors, chaired by Managing Director & CEO Saurabh Mittal, approved the unaudited financial results at a meeting held on August 07, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, SS Kothari Mehta & Co. LLP, as mandated under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Standalone revenue from operations rose 5% year-on-year to ₹584.41 crore, compared to ₹557.48 crore in Q1FY25. However, total expenses increased to ₹556.88 crore from ₹530.48 crore, primarily due to higher employee benefits expense and cost of materials consumed. Consequently, profit before tax fell to ₹30.13 crore from ₹32.95 crore. Basic earnings per share (EPS) stood at ₹0.88, down from ₹0.97 in the previous year.

On a consolidated basis, the company returned to profitability, reporting a net profit of ₹21.24 crore attributable to owners, compared to a net loss of ₹15.71 crore in Q1FY25. This turnaround was supported by robust revenue growth across key segments and improved operational efficiency in its global entities. The key consolidated financial metrics are summarised below:

The consolidated EBITDA performance further reinforces the company's operational recovery, with key profitability metrics detailed below:

Segment-wise Analysis

The Laminates & Allied Products segment remained the primary revenue driver, contributing ₹478.54 crore on a standalone basis and ₹596.10 crore on a consolidated basis. The Plywood & Allied Products segment saw standalone revenue rise to ₹105.87 crore from ₹87.88 crore year-on-year. Notably, the Panel & Allied Products segment, visible only in consolidated figures, recorded substantial growth with revenue jumping to ₹94.60 crore from ₹30.99 crore in Q1FY25, reflecting successful market penetration in this category.

While the Laminates segment delivered strong segment results of ₹87.45 crore (standalone) and ₹104.44 crore (consolidated), the Plywood & Allied Products segment continued to incur losses, with a standalone segment loss of ₹2.94 crore and a consolidated loss of ₹3.40 crore. The Panel & Allied Products segment also reported a consolidated segment loss of ₹3.06 crore, though this represents a significant improvement from the ₹34.17 crore loss recorded in the same quarter last year.

What the Numbers Show

A critical observation from the filing is the impact of foreign exchange movements on the company's financials. The company recorded a loss of ₹1.26 crore under other expenses after adjusting for an unrealised foreign exchange gain of ₹1.73 crore. This gain arose from the revaluation of its External Commercial Borrowing for imported plant and machinery for the Chipboard project, valued at Euro 1.94 crore (₹209.48 crore), due to a positive movement in the EURO-INR exchange rate. This indicates that while currency fluctuations provided some relief, underlying operational costs remain a pressure point.

Strategic Updates

The company provided an update on its capacity expansion initiatives. For the brownfield expansion of laminate manufacturing capacity by 2.0 million sheets/boards per annum at the Naidupeta Plant in Andhra Pradesh, Greenlam Industries has placed orders for major equipment. The project is currently on schedule and is expected to commence commercial production by Q4 of FY27. This expansion aims to strengthen the company's position in the high-growth laminate market and improve economies of scale.

Greenlam Industries will host investor meetings on August 13, 2026, as part of the Equirus Annual India Conference 2026 in Mumbai. The engagement aims to facilitate direct dialogue between the company’s management and market participants, including analysts and institutional investors. These interactions provide stakeholders with an opportunity to discuss the company’s business outlook using only publicly available data.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Greenlam Industries notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding the schedule. Prakash Kumar Biswal, Company Secretary and Senior Vice President-Legal, signed the intimation filed with the exchanges on August 7, 2026.

Meeting Details

The investor meet is scheduled for the morning session of the conference. Officials from Greenlam Industries will engage in both one-on-one and group formats. The event is organized by Equirus Research.

Compliance and Information Scope

The company emphasized that no Unpublished Price Sensitive Information (UPSI) will be shared during the sessions. All discussions will remain within the bounds of information already available to the public. This approach ensures compliance with insider trading regulations while allowing management to address investor queries.

Participants should note that the schedule is subject to change due to exigencies on the part of either the participants or the company. Such adjustments are common in large-scale institutional conferences where multiple engagements occur simultaneously. Investors are advised to monitor official exchange filings for any last-minute updates to the schedule or format of the interactions.