Greenply Industries Limited , a leading manufacturer of plywood, MDF, and allied products, has reported a mixed set of financial results for the fourth quarter and full fiscal year 2025. The company saw growth in revenue but experienced a decline in profitability for Q4 FY2025.

Q4 FY2025 Performance

For the quarter ended March 31, 2025, Greenply Industries reported:

• Consolidated revenue of ₹649.00 crore, up 8.2% year-over-year (YoY) from ₹600.00 crore in Q4 FY2024.
• Net profit of ₹17.00 crore, down 48.9% YoY from ₹33.00 crore in the same quarter last year.
• Core EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹68.00 crore, an increase of 18.1% YoY.
• EBITDA margin improved to 10.5% from 9.6% in Q4 FY2024.

Segment-wise Performance

Plywood and Allied Products

Medium Density Fiberboard (MDF) and Allied Products

Full Year FY2025 Results

For the fiscal year 2025, Greenply Industries reported:

• Consolidated revenue of ₹2,488.00 crore, a 14.1% increase from ₹2,180.00 crore in FY2024.
• Net profit of ₹92.00 crore, up 7.6% from ₹85.00 crore in the previous year.
• Core EBITDA of ₹238.00 crore, growing 27.2% YoY.
• EBITDA margin improved to 9.6% from 8.6% in FY2024.

Management Commentary

Mr. Manoj Tulsian, JMD & CEO of Greenply Industries Ltd., commented on the results, stating, "The growth in the plywood business for the fourth quarter was satisfactory in a challenging market scenario. Margins improved to 9.2% in Q4 FY'25 despite higher brand promotion expenditure. In FY'26 we aim to achieve an EBITDA margin of 10% plus. In the MDF business, our margins improved to 15% in Q4 FY'25 and we are confident of achieving 16% plus margin in FY'26 with a further increase in volume sales."

Other Developments

• The Board of Directors has recommended a final dividend of ₹0.50 per equity share (face value ₹1 each) for FY2025, subject to shareholders' approval.
• The company approved the appointment of SP & SA Associates as Secretarial Auditors for a period of five consecutive years from FY2025-26 to FY2029-30.
• Greenply Industries approved further subscription of 2,50,00,000 equity shares of ₹10 each in Greenply Samet Private Limited, a joint venture company, for a total investment of ₹25.00 crore.

Outlook

Greenply Industries remains optimistic about its future performance, with plans to improve margins in both its plywood and MDF segments. The company's focus on innovation, expanding its manufacturing base, and strengthening its distribution network is expected to drive growth in the coming years.

As the Indian economy continues to recover and the demand for interior infrastructure products grows, Greenply Industries is well-positioned to capitalize on these opportunities with its diverse product portfolio and strong market presence.

Greenply Industries Limited , a leading manufacturer of plywood, MDF, and allied products, has announced its financial results for the fourth quarter and full fiscal year 2024-25, showcasing significant improvements in both revenue and profitability.

Q4 FY'25 Highlights

For the quarter ended March 31, 2025, Greenply Industries reported a consolidated revenue of Rs 649.00 crore, marking an 8.2% year-on-year growth. The company's core EBITDA stood at Rs 68.00 crore, with an EBITDA margin of 10.5%, representing a 90 basis points improvement compared to the same quarter last year.

Segment-wise Performance

Plywood Business

The plywood and allied products segment witnessed a robust performance in Q4 FY'25:

MDF Business

The Medium Density Fiberboard (MDF) segment also showed promising results:

Full Year FY'25 Performance

For the fiscal year 2024-25, Greenply Industries reported:

• Consolidated revenue of Rs 2,488.00 crore, up 14.1% from the previous year
• Core EBITDA of Rs 238.00 crore, with a margin of 9.6%, representing a 100 basis points improvement
• Net profit of Rs 92.00 crore, a 7.6% increase year-on-year

Management Commentary

Mr. Manoj Tulsian, JMD & CEO of Greenply Industries Ltd., commented on the results: "The growth in the plywood business for the fourth quarter was satisfactory in a challenging market scenario. Margins improved to 9.2% in Q4 FY'25 despite higher brand promotion expenditure. In FY'26 we aim to achieve an EBITDA margin of 10% plus. In the MDF business, our margins improved to 15% in Q4 FY'25 and we are confident of achieving 16% plus margin in FY'26 with a further increase in volume sales."

Future Outlook

The company expressed confidence in its furniture fittings joint venture, expecting an encouraging revenue performance in the upcoming year. Management believes all three segments - plywood, MDF, and furniture fittings - are poised for an exciting phase, particularly with the implementation of BIS norms supporting local manufacturing.

Dividend Announcement

The Board of Directors has recommended a final dividend of Rs 0.50 per equity share (50% of face value) for FY'25, subject to shareholders' approval at the upcoming Annual General Meeting.

Greenply Industries continues to strengthen its position in the interior infrastructure market, leveraging its diverse product portfolio and focus on innovation to drive growth and profitability.