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Latest news about Greenply Industries

Greenply Industries Schedules Q3FY26 Earnings Conference Call for February 05, 2026 4 days ago

Greenply Industries Limited has scheduled an earnings conference call for February 05, 2026, at 12:00 PM IST to discuss Q3FY26 and 9M FY26 operational and financial performance. The call will feature Joint Managing Directors Mr. Manoj Tulsian and Mr. Sanidhya Mittal, along with CFO Mr. Sanjiv Keshri. Multiple participation options are available including universal dial-in numbers and international access, with the company confirming no unpublished price sensitive information will be shared during the event.

Greenply Industries Announces Resignation of Executive Vice President HR & Admin Jan 21, 2026

Greenply Industries receives ₹30.45 lakh tax demand order for FY 2019-20 ITC claim dispute Jan 09, 2026

Greenply Industries Shareholders Approve Rajesh Mittal's Reappointment as CMD Dec 27, 2025

Greenply Industries Seeks Shareholder Approval for CMD Re-appointment and Remuneration Package Nov 29, 2025

More news about Greenply Industries

13Nov 25

Greenply Industries Promoters Increase Stake to 51.80% Through December Acquisitions

Greenply Industries' promoter group has further strengthened its stake through the acquisition of 35,300 equity shares by Shakuntala Safeinvest Private Limited and its persons acting in concert on December 23-24, 2025. This latest open market purchase has increased the total promoter group shareholding to 51.80% from the previous 51.77%, continuing a series of acquisitions that began in November 2025.

06Nov 25

Greenply Industries Reports 7.5% Revenue Growth in Q2 FY26 Amid Margin Pressures

Greenply Industries achieved 7.5% year-on-year revenue growth in Q2 FY26, reaching INR 688.60 crores. Core EBITDA was INR 56.80 crores with an 8.2% margin. The plywood segment saw demand in mid-value segments, while the MDF business grew 16.1% to INR 146.80 crores. Strategic initiatives include expanding the Ecotec brand and launching a new marketing campaign. The company expects double-digit growth in both plywood and MDF segments for H2 FY26, despite ongoing challenges in raw material costs and competitive pricing.

04Nov 25

Greenply Industries Approves Chairman's Re-appointment, Sanctions Loan to Subsidiary, and Reports Q2 FY26 Results

Greenply Industries has re-appointed Rajesh Mittal as Chairman cum Managing Director for five years from January 1, 2026, subject to shareholder approval. The board approved a Rs 15 crore loan to its subsidiary, Greenply Speciality Panels. Q2 FY26 results show revenue growth of 7.5% YoY to Rs 688.60 crores, with a slight decline in Core EBITDA and PAT. The plywood segment saw 7.2% volume growth, while the MDF segment reported 16.1% revenue growth. The company remains optimistic about demand recovery and continues to focus on growth strategies and ESG initiatives.

04Nov 25

Greenply Industries Reports 3.8% Revenue Growth in Q2 FY2026, Profit Declines

Greenply Industries reported mixed Q2 FY2025-26 results. Revenue increased by 3.8% to ₹521.05 crore, while net profit declined by 30.5% to ₹18.20 crore compared to the same quarter last year. For the half-year, revenue grew to ₹959.27 crore, but profit fell to ₹36.76 crore. The company's basic EPS for the quarter was ₹1.46, down from ₹2.10 in the previous year. The Board of Directors approved these results on November 4, 2025.

19Sept 25

Greenply Industries Boosts MDF Plant Capacity by 25% in Vadodara

Greenply Industries has successfully restarted operations at its Medium Density Fiberboard (MDF) manufacturing facility in Vadodara with an enhanced production capacity. The plant's daily output has increased from 800 CBM to 1000 CBM, representing a 25% boost in manufacturing capacity. This upgrade is expected to strengthen Greenply's position in the MDF market and improve its ability to meet growing market demands.

29Jul 25

Greenply Industries Appoints New CFO, Reports Q1 FY26 Results, and Approves Corporate Guarantee for Subsidiary

Greenply Industries announced key organizational changes and Q1 FY26 financial results. Mr. Sanjiv Keshri was appointed as CFO and KMP. Q1 revenue grew 2.9% YoY to Rs 601.00 crores, with Core EBITDA at Rs 62.00 crores. PAT reached Rs 28.00 crores. The company approved a Rs 26.50 crore corporate guarantee for its subsidiary and reconstituted its Risk Management Committee. Greenply also transferred 30% shareholding in its Dubai entity for Rs 4.26 crores.

29Jul 25

Greenply Industries Sets Ambitious Targets Amid Q1 Performance

Greenply Industries announced Q1 financial results with consolidated revenue of Rs 601.00 crores, up 2.9% year-on-year. Core EBITDA stood at Rs 62.00 crores with a 10.3% margin. Plywood segment faced challenges with 3.1% volume degrowth, while MDF division showed strong performance with 11.7% revenue growth. Management expressed confidence in future performance despite Q1 challenges. The company set targets for double-digit volume growth and EBITDA margin exceeding 16%. Strategic developments include appointment of new CFO, issuance of corporate guarantee, divestment in Middle East subsidiary, and progress in furniture fittings joint venture.

29Jul 25

Greenply Industries Posts Mixed Q1 Results; Appoints New CFO

Greenply Industries reported Q1 FY2024 results with 3.4% revenue growth to ₹600.81 crore and improved EBITDA of ₹61.60 crore. Net profit decreased 14.3% to ₹28.46 crore. The company appointed Sanjiv Keshri as new CFO effective July 29, 2025. Strategic decisions include reconstituting the Risk Management Committee and approving a ₹26.50 crore corporate guarantee for a subsidiary. Greenply also divested 30% stake in its Middle East subsidiary for ₹4.26 crore.

03Jun 25

Greenply Industries to Inject Rs 113 Crore into Subsidiary GSPPL

Greenply Industries plans to invest Rs 113 crore in its wholly owned subsidiary GSPPL for loan repayment. The investment, scheduled for fiscal year 2025-26, aims to strengthen GSPPL's financial position while maintaining Greenply's 100% ownership. This move is expected to reduce GSPPL's debt burden and improve its financial flexibility and operational efficiency.

03Jun 25

Greenply Industries to Divest Middle East Subsidiary for $491,774

Greenply Industries has approved the disinvestment of its Middle East subsidiary, Greenply Middle East Enterprises (GMEL), to company director Indraneel Bhan for $491,774 (approx. ₹4.07 crore). The related-party transaction, conducted at arm's length, is expected to be completed by August 1, 2025.

30Apr 25

Greenply Industries Falls Short of EBITDA Margin Guidance Amid Unplanned Shutdowns

Greenply Industries, a leading plywood manufacturer, reported an EBITDA margin of 13.00-13.50% for the previous year, falling below its initial guidance of 16.00%. The shortfall is attributed to unplanned shutdowns. The company has scheduled its Q4 FY2025 Earnings Conference Call for April 29, 2025, with the audio recording available on their website.

30Apr 25

Greenply Industries Projects Double-Digit Growth in MDF and Plywood Segments

Greenply Industries, a leading wood-based panel products manufacturer, has forecasted double-digit volume growth in both MDF and plywood segments for the coming year. The company aims to achieve an EBITDA margin of approximately 16.00%. This outlook was shared during a recent Q4 FY2025 Earnings Conference Call, indicating strong market demand and operational efficiency focus.

29Apr 25

Greenply Industries Reports Mixed Q4 Results; FY2025 Revenue Grows 14.1%

Greenply Industries Limited reported Q4 FY2025 results with consolidated revenue up 8.2% YoY to ₹649.00 crore, but net profit down 48.9% to ₹17.00 crore. Core EBITDA increased 18.1% YoY, with margin improving to 10.5%. Plywood segment revenue grew 9.8%, while MDF revenue increased 3.4%. For full FY2025, revenue rose 14.1% to ₹2,488.00 crore, with net profit up 7.6%. The company aims for higher EBITDA margins in FY2026 for both plywood and MDF segments. A final dividend of ₹0.50 per share was recommended.

28Apr 25

Greenply Industries Reports Robust Growth in Q4 FY'25, Margins Improve Across Segments

Greenply Industries Limited announced its Q4 and FY'25 financial results, showing significant improvements. Q4 consolidated revenue grew 8.2% YoY to Rs 649.00 crore, with core EBITDA margin improving by 90 bps to 10.5%. The plywood segment saw 9.8% revenue growth and 50 bps margin improvement, while the MDF segment reported 3.4% revenue growth and 120 bps margin increase. For FY'25, consolidated revenue rose 14.1% to Rs 2,488.00 crore, with core EBITDA margin improving by 100 bps to 9.6%. The company aims for higher margins in FY'26 and expects growth across all segments. A final dividend of Rs 0.50 per share was recommended.

28Apr 25

Greenply Industries Reports 41.45% Decline in Q4 Profit, Revenue Grows 8.16%

Greenply Industries Limited announced its Q4 and FY2025 results. Despite an 8.16% increase in Q4 revenue to ₹648.77 crore, net profit fell 41.45% to ₹16.60 crore. The plywood segment saw margin improvement to 9.2%, while MDF business margins rose to 15%. Full-year FY2024-25 results were more positive, with profit up 31.12% to ₹91.72 crore and revenue growing 14.11% to ₹2,487.58 crore.

07Apr 25

Greenply Industries Pioneers Sustainable MDF Manufacturing with India's First EvoFuge 360 Steam Recovery System

Greenply Industries Limited has installed India's first EvoFuge 360 Steam Recovery System at its MDF plant in Vadodara, Gujarat. The system promises to reduce steam consumption by at least 25% in the refining process, significantly lowering the plant's carbon footprint. This move aligns with Greenply's sustainability goals and sets a new standard for eco-friendly production in India's MDF industry.

06Mar 25

Greenply Industries Secures Double Tax Victory with Latest ITAT Ruling

Greenply Industries has secured consecutive tax victories with ITAT Guwahati dismissing Income Tax Department's appeal regarding excise duty exemption treatment for FY 2012-13, resulting in ₹25.75 crore total benefit. This follows the company's earlier success at Gauhati High Court which eliminated ₹184.41 crore tax liability for FY 2013-14, establishing strong judicial support for the company's tax positions across multiple financial years.