Greenlam FY26 Net Profit at ₹56.02 Cr, Revenue Rises 18.6%

Greenlam Industries has announced its audited consolidated financial results for the financial year ended March 31, 2026. The company reported a net profit of ₹56.02 crore for the full year, a decrease of 18.1% compared to ₹68.35 crore in the previous year. Net revenues for FY26 stood at ₹3,046.08 crore, registering a growth of 18.6% from ₹2,569.34 crore in FY25. EBITDA before forex impact and exceptional items increased by 21.0% to ₹334.2 crore.

Q4 Performance

In the fourth quarter, the company reported a significant turnaround in profitability with a net profit of ₹40.55 crore, compared to ₹1.47 crore in the corresponding quarter of the previous year. Net revenues for Q4FY26 grew by 25.8% year-on-year to ₹857.66 crore. EBITDA before forex impact and exceptional items rose by 57.1% to ₹107.4 crore, with margins expanding to 12.5% from 10.0% in Q4FY25.

Dividend and Board Decisions

The Board of Directors recommended a final dividend of Re. 0.40 per equity share of Re. 1 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the 13th Annual General Meeting scheduled for July 29, 2026. Additionally, the Board approved the voluntary liquidation of PT Greenlam Asia Pacific (Batam), a step-down subsidiary, and the re-appointment of Mr. Yogesh Kapur as an Independent Director for a second term of five consecutive years.

Financial Metrics

The following table summarises the key annual consolidated financial metrics:

Metric (₹ in Cr)	FY26	FY25	Growth % (y-o-y)
Net Sales	3046.08	2569.34	18.6%
EBITDA*	334.2	276.1	21.0%
Profit after Tax	56.02	68.35	-18.1%
Basic EPS (₹)	2.20	2.68

*EBITDA is before forex fluctuations and exceptional items

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.60%	+3.84%	+5.78%	-4.30%	-8.59%	+110.37%

Blue Daimond Properties Private Limited, together with persons acting in concert, has disclosed a substantial acquisition of shares in Greenlam Industries Limited, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, dated May 15, 2026, was filed with the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Limited.

Open Market Purchase on May 13, 2026

Blue Daimond Properties Private Limited acquired 10,22,218 shares of Greenlam Industries Limited through an open market purchase on May 13, 2026. The acquired shares represent 0.40% of the total voting capital of the company. The acquirer has confirmed that it does not belong to the Promoter or Promoter Group of Greenlam Industries.

Shareholding Before and After Acquisition

The following table summarises the acquirer's shareholding position before and after the transaction:

Parameter:	Details
Shares Held Before Acquisition:	3,80,03,743 (14.89%)
Shares Acquired:	10,22,218 (0.40%)
Shares Held After Acquisition:	3,90,25,961 (15.30%)
Mode of Acquisition:	Open Market Purchase
Date of Acquisition:	May 13, 2026
Total Voting Capital of Greenlam Industries:	25,51,47,702 shares

Disclosure Details

The formal disclosure was submitted under Annexure 2 of the SEBI Takeover Regulations format. Key details of the acquisition are as follows:

Target Company: Greenlam Industries Limited
Acquirer: Blue Daimond Properties Private Limited (CIN: U70100MH2006PTC159608)
Acquirer Category: Non-Promoter / Non-Promoter Group
Stock Exchanges where target is listed: Bombay Stock Exchange Ltd. and National Stock Exchange of India Limited
Encumbered shares: Nil
Warrants / Convertible securities: Nil

The total equity share capital and voting capital of Greenlam Industries remained unchanged at 25,51,47,702 shares both before and after the acquisition. The diluted share and voting capital of the target company also stands at 25,51,47,702 shares post-transaction.

The disclosure was signed by an Authorised Signatory of Blue Daimond Properties Private Limited from Mumbai on May 15, 2026.