Greenlam Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance across its business segments. The company's Board of Directors approved the results at a meeting held on January 29, 2026, with the session commencing at 03:30 PM and concluding at 05:50 PM.

Standalone Financial Performance

The company's standalone operations demonstrated steady growth in the third quarter of FY26. Revenue from operations increased to ₹549.28 crores compared to ₹534.51 crores in the corresponding quarter of the previous year, representing a growth trajectory despite challenging market conditions.

For the nine-month period ended December 31, 2025, standalone revenue reached ₹1,759.73 crores against ₹1,646.46 crores in the previous year, with net profit improving to ₹90.51 crores from ₹73.10 crores, marking a significant 23.82% increase.

Consolidated Results Show Challenges

Consolidated operations presented a contrasting picture, with revenue growth accompanied by profitability challenges. The consolidated revenue increased substantially to ₹706.37 crores from ₹602.04 crores in Q3 FY25, representing a robust 17.33% growth.

The consolidated performance was significantly impacted by exceptional items totaling ₹6.16 crores, primarily attributed to additional provisions for gratuity and leave encashment following the implementation of new Labour Codes by the Government of India.

Segment-wise Performance Analysis

The company operates across three main business segments, with Laminates & Allied Products continuing as the primary revenue contributor.

Laminates & Allied Products

This segment maintained its position as the revenue backbone, generating ₹562.06 crores in consolidated revenue during Q3 FY26 compared to ₹519.71 crores in the previous year. The segment includes high pressure laminates, compact laminates, rest room cubicles, and clads.

Plywood & Allied Products

The plywood segment reported revenue of ₹90.15 crores in Q3 FY26, marginally higher than ₹82.33 crores in the corresponding previous quarter. This segment encompasses plywood, decorative veneer, engineered floors, and engineered doors.

Panel & Allied Products

The newly operational Panel & Allied Products segment, which includes chipboard products, generated revenue of ₹54.16 crores during the quarter. However, the segment reported operational losses as it continues to ramp up production and establish market presence.

Exceptional Items Impact

The company's results were significantly affected by exceptional items totaling ₹6.16 crores in consolidated results and ₹5.59 crores in standalone results. These provisions were made following the Government of India's notification of four Labour Codes on November 21, 2025, which consolidated 29 existing labour laws and impacted the definition of 'wage', thereby affecting future gratuity and leave encashment liabilities.

Expansion Plans and Future Outlook

Greenlam Limited, a wholly-owned subsidiary, is progressing with its brownfield expansion project for laminate manufacturing capacity of 2.0 million sheets/boards per annum at the Naidupeta Plant in Andhra Pradesh. The layout preparation work is currently in progress with quotations being sought for major equipment. The project remains on schedule and is expected to commence commercial production by Q4 of FY27.

Financial Position and Capital Structure

The company maintained its paid-up equity share capital at ₹25.51 crores with a face value of ₹1.00 per share. The earnings per share calculations have been adjusted for the 1:1 bonus issue completed during the quarter ended March 31, 2025, ensuring comparability with previous periods as per Ind AS 33 requirements.

Greenlam Industries has officially announced its earnings call scheduled for January 30, 2026, to discuss the company's operational and financial performance for the third quarter and nine months of fiscal year 2026. The conference call is set to begin at 3:00 PM IST and will involve discussions with investors and analysts.

Regulatory Compliance and Disclosure

The company has formally notified both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about the scheduled earnings call on January 22, 2026. This notification was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Prakash Kumar Biswal, Company Secretary and Senior Vice President – Legal.

Management Participation

The earnings call will feature key members of Greenlam Industries' senior management team who will present and discuss the company's performance metrics. The participating executives include Mr. Saurabh Mittal, Managing Director & CEO, Mr. Ashok Sharma, Chief Financial Officer, and Mr. Samarth Agarwal, Vice President – Finance.

Access Information and Registration

The company has provided multiple access options for participants to join the earnings call. Interested investors and analysts are requested to pre-register for the call through the designated registration link. The call will be accessible through various local and international toll-free numbers to accommodate participants from different regions.

Important Disclaimers

Greenlam Industries has explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared during the earnings call, ensuring compliance with regulatory guidelines. The company has also noted that changes to the schedule may occur due to exigencies on the part of participants or the company. Strategic Growth Advisors Pvt. Ltd is coordinating the event, with Shogun Jain and Shrikant Sangani serving as the primary contacts for RSVP and additional information.