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Latest news about Greenply Industries

Greenply Industries Reports 7.5% Revenue Growth in Q2 FY26 Amid Margin Pressures 6 days ago

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.

Greenply Industries Approves Chairman's Re-appointment, Sanctions Loan to Subsidiary, and Reports Q2 FY26 Results 8 days ago

Greenply Industries Reports 3.8% Revenue Growth in Q2 FY2026, Profit Declines 8 days ago

Greenply Industries Boosts MDF Plant Capacity by 25% in Vadodara Sep 19, 2025

Greenply Industries Appoints New CFO, Reports Q1 FY26 Results, and Approves Corporate Guarantee for Subsidiary Jul 29, 2025

More news about Greenply Industries

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 Major Tax Victory in Gauhati High Court

Greenply Industries has won a significant tax case in the Gauhati High Court, which dismissed an appeal by the Income Tax Department. This ruling reduces the company's tax liability from ₹184.4 crore to zero. The court's decision, dated March 4, 2025, upholds a previous favorable order from the Income Tax Appellate Tribunal (ITAT) Guwahati Bench, which had ruled that the Excise Duty Exemption received by Greenply for FY 2013-14 should be treated as a capital receipt. This victory eliminates a substantial potential tax liability for the company, potentially freeing up resources for business operations and growth initiatives.