Greenlam Industries Reports Mixed Q2 Results with Revenue Growth but Lower Profit

Greenlam Industries , one of the world's top three laminate manufacturers, has reported mixed results for the quarter ended September 30, with revenue growth but a decline in profit.

Financial Highlights

Metric	Q2 Result	Year-over-Year Change
Consolidated Net Profit	₹323.30 million	Down from ₹346.20 million
Revenue	₹8.08 billion	Up from ₹6.80 billion
EBITDA	₹1.04 billion	Increased from ₹814.20 million
EBITDA Margin	12.92%	Improved from 11.96%

Performance Analysis

While Greenlam Industries experienced a notable increase in revenue, the company faced a slight decline in consolidated net profit compared to the same period last year. However, the improvement in EBITDA and EBITDA margin suggests enhanced operational efficiency.

Market Position

Greenlam Industries continues to maintain its position among the world's top three laminate manufacturers. The company's ability to grow revenue demonstrates its strong market presence and adaptability.

Looking Forward

As Greenlam Industries continues to operate in a competitive market, investors and analysts will likely be watching closely to see how the company addresses the challenges that led to the profit decline while capitalizing on the factors driving revenue growth.

The company's performance in subsequent quarters will be crucial in determining whether this quarter's results represent a temporary fluctuation or signal a longer-term trend.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.11%	+0.55%	+5.47%	+18.85%	+2.92%	+253.55%

Greenlam Industries Limited , a leading manufacturer of decorative laminates, has witnessed a significant change in its shareholding pattern. Upnishad Holdings Private Limited, formerly known as Upnishad Trustee Advisory Services Private Limited, has acquired a substantial stake in the company through block deals executed on September 12 and September 16.

Key Details of the Transaction

Upnishad Holdings Private Limited acquired 1,88,72,960 equity shares, representing 7.397% of Greenlam Industries' voting capital.
The shares were transferred from Hydra Trading Private Limited, which previously held this stake.
The transaction was carried out through block deals on two separate dates.

Entities Involved and Their Holdings

Entity	Shareholding
Upnishad Holdings Private Limited	1,88,72,960 shares (7.40%)
Asiana Fund I	66,89,000 shares (2.62%)
Smiti Holding and Trading Company Private Ltd.	No direct shareholding
Hydra Trading Private Limited	Sold entire stake

Post-Transaction Scenario

After the transaction, the combined group, including Upnishad Holdings, Asiana Fund I, and other entities acting in concert, maintains a total holding of 2,55,61,960 shares. This represents 10.02% of Greenlam Industries' voting capital.

Promoter Group Status

It's important to note that none of the entities involved in this transaction belong to the promoter group of Greenlam Industries Limited. The acquirer and persons acting in concert are classified as non-promoter entities.

Regulatory Compliance

The transaction has been reported to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both the acquirer (Upnishad Holdings) and the seller (Hydra Trading) have filed the necessary disclosures.

Company Background

Greenlam Industries Limited is listed on both the BSE Limited and the National Stock Exchange of India Limited. The company's total equity share capital consists of 25,51,47,702 equity shares with a face value of INR 1 each.

This significant stake acquisition by Upnishad Holdings Private Limited may be of interest to investors and market watchers, as it represents a notable change in the ownership structure of Greenlam Industries Limited. However, as the involved entities are not part of the promoter group, the immediate impact on the company's management and operations remains to be seen.