Greenply Industries , a leading player in the plywood and allied products sector, has reported mixed financial results for the second quarter of fiscal year 2025-26. The company saw an increase in revenue but experienced a decline in net profit compared to the same period last year.

Financial Performance

For Q2 FY2025-26, Greenply Industries reported:

The company's revenue grew by 3.8% year-over-year, reaching ₹521.05 crore compared to ₹501.78 crore in the same quarter of the previous fiscal year. However, the net profit saw a significant decline of 30.5%, dropping to ₹18.20 crore from ₹26.17 crore in Q2 FY2024-25.

Half-Year Performance

For the half-year period:

• Revenue increased to ₹959.27 crore from ₹940.88 crore in the previous year
• Profit declined to ₹36.76 crore from ₹55.77 crore

Segment Performance

Greenply Industries operates in the plywood and allied products segment.

Financial Metrics

Basic earnings per share for the quarter was ₹1.46 compared to ₹2.10 in the previous year.

Corporate Developments

The Board of Directors approved these results in their meeting held on November 4, 2025.

Market Position and Outlook

Despite the growth in revenue, Greenply Industries faced challenges in maintaining profitability. The increase in revenue suggests that demand for the company's products remains stable. However, the significant decline in net profit may indicate challenges in managing costs or competitive pressures in the industry.

Conclusion

Greenply Industries' Q2 results present a mixed picture, with modest revenue growth offset by a substantial decline in net profit. As the fiscal year progresses, it will be important to observe how the company addresses the factors affecting its profitability while maintaining its market position in the plywood and allied products sector.

Greenply Industries , a leading player in the wood-based panel products industry, has announced a significant upgrade to its Medium Density Fiberboard (MDF) manufacturing facility in Vadodara. The company has successfully restarted operations at the plant with an enhanced production capacity, marking a notable milestone in its operational efficiency.

Capacity Enhancement

The Vadodara MDF plant has undergone a substantial improvement in its daily production capabilities. Greenply Industries reports that the facility's output has increased from 800 CBM (cubic meters) to 1000 CBM per day. This upgrade represents an impressive 25% boost in the plant's manufacturing capacity.

Strategic Implications

This capacity enhancement is likely to strengthen Greenply Industries' position in the competitive MDF market. Medium Density Fiberboard is a crucial component in the furniture and interior design industries, known for its versatility and cost-effectiveness. By increasing its production capabilities, Greenply is poised to meet growing market demands more efficiently.

Operational Restart

The news of the plant's restart with improved capacity suggests that Greenply Industries may have temporarily halted operations for the upgrade process. The successful recommencement of manufacturing activities indicates the company's commitment to modernizing its facilities and optimizing production processes.

Industry Impact

As one of India's prominent manufacturers of wood-based panel products, Greenply Industries' move to enhance its MDF production capacity could have ripple effects across the industry. This development may potentially influence market dynamics, particularly in terms of supply and competitive positioning within the MDF segment.

The strategic expansion of production capacity at the Vadodara plant underscores Greenply Industries' focus on growth and operational excellence. As the company leverages its increased manufacturing capabilities, stakeholders will be keen to observe the impact on its market share and financial performance in the coming quarters.