Greenply Industries Limited — Updates, 06-02-2025: Press Release

Greenply Industries Limited's latest financial performance reflects a consolidated revenue of ₹614 crore for the quarter, up 5.6% year-on-year. The plywood segment contributed ₹479 crore, with a 2.8% growth in sales volume and an improved EBITDA margin of 8.4%. However, the MDF segment faced challenges with a revenue of ₹134.6 crore, primarily due to a plant shutdown, resulting in an EBITDA margin decline to 10.4%. For the nine-month period, consolidated revenue reached ₹1,839 crore, growing 16.4% year-on-year. Core EBITDA increased by 33% to ₹170 crore, while profit after tax (PAT) stood at ₹75 crore.

Looking ahead, the company’s management expects a rebound in the plywood sector and improved margins in Q4, projecting MDF revenue recovery following the equipment repairs and resumption of production in their joint venture for furniture fittings. Investors should note the potential growth trajectory as the company navigates these operational challenges.