Greenlam Industries
236.74
-4.24(-1.76%)
Market Cap₹6,040.40 Cr
PE Ratio177.44
Company Performance:
1D-1.76%
1M+1.59%
6M+0.33%
1Y-6.45%
5Y+232.41%
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More news about Greenlam Industries
28Jul 25
Greenlam Industries: Mixed Bag of Government Incentives and Tax Notices
Greenlam Industries' subsidiary, Greenlam Limited, has been granted special incentives by the Andhra Pradesh government for its Particle Board project in Naidupeta. Simultaneously, the company faces tax recovery demands of approximately Rs. 7.69 crore from Himachal Pradesh authorities for alleged incorrect IGST refunds during 2018-2021. Greenlam is reviewing the tax notices and considering legal options, expecting no material impact on its financials.
28Jul 25
Greenlam Industries' Subsidiary Secures Extended Incentives from Andhra Pradesh Government
Greenlam Industries Limited announced that its wholly owned subsidiary, Greenlam Limited, has been granted a special package of incentives by the Government of Andhra Pradesh. The incentives, part of the Andhra Pradesh Industrial Development Policy 2024-2029, cover the existing Particle Board project and potential future investments up to March 2029 in Naidupeta. While specific details were not disclosed, the incentives are subject to certain conditions. This development is expected to support the company's growth plans and strengthen its position in the particle board market.
22Jul 25
Greenlam Industries to Establish ₹1,147 Crore Wood Laminate Plant in Andhra Pradesh
Greenlam Industries has received approval from the Andhra Pradesh government to establish a wood laminate and particle board manufacturing facility in Naidupeta. The company plans to invest ₹1,147 crore in the project, which will be the largest wood laminate manufacturing facility in South India. The facility will have an annual production capacity of 7 million sheets of high-pressure laminate and 2.90 lakh cubic meters of wood-based particle board. The state government has approved incentives worth over ₹329 crore, including capital subsidy, turnover incentive, and power tariff subsidies. Despite this expansion, Greenlam's recent financial performance has been mixed, with 11.40% revenue growth falling short of guidance. The company's stock closed 1.73% lower at ₹241.00 and has declined 19.00% year-to-date.
17Jul 25
Greenlam Industries to Invest ₹1,147 Crore in Andhra Pradesh Wood Laminate Facility
Greenlam Industries, a leading decorative laminates manufacturer, plans to invest ₹1,147 crore in a new wood laminate facility in Andhra Pradesh. The state government has agreed to provide ₹329 crore in incentives for the project. This expansion is expected to increase Greenlam's production capacity and improve its market presence in southern India.
16Jul 25
Greenlam Industries to Invest ₹11.47 Billion in Wood Laminate Facility in Andhra Pradesh
Greenlam Industries plans to establish a new wood laminate facility in Andhra Pradesh with a total investment of ₹11.47 billion. The Andhra Pradesh government is offering ₹3.29 billion in incentives to support this initiative. This investment is expected to increase production capacity, create jobs, contribute to economic growth, and potentially strengthen Greenlam Industries' market position in the decorative laminates sector.
11Jul 25
Greenlam Industries Faces ₹211.5 Million Demand in Customs Duty and Penalties
Greenlam Industries has received a demand of ₹211.5 million from the Office of Commissioner of Customs, Custom House, Kandla. The demand includes ₹70.50 million in duty, ₹40 million as redemption fine, and ₹141 million in penalties, related to imports under advance authorization. The dispute concerns anti-dumping duty on base paper and IGST exemption. The company plans to appeal within the three-month window and is optimistic about a favorable outcome, stating it doesn't expect a material impact on its financials or operations.
30May 25
Greenlam Industries Q4 Results: Revenue Up, Profits Down Amid Margin Pressure
Greenlam Industries' Q4 financial results show a 9% increase in revenue to ₹6.80 billion, but significant profitability challenges. EBITDA decreased by 23.4% to ₹640.00 million, with the EBITDA margin falling to 9.38% from 13.39%. Consolidated net profit sharply declined to ₹21.00 million from ₹410.00 million in the same quarter last year, despite an improvement from the previous quarter's ₹127.00 million.
Greenlam Industries
236.74
-4.24
(-1.76%)
1 Year Returns:-6.45%
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