- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
**Financial Highlights:**
Greenply Industries reported a revenue increase of 5.6% YoY to ₹614 Cr for Q3 FY25, while the nine-month results show a solid 16.4% growth to ₹1,839 Cr. Core EBITDA improved to ₹54 Cr, with an EBITDA margin of 8.8%. For the nine-month period, EBITDA reached ₹170 Cr, reflecting a 33.0% increase. However, PAT declined by 13.3% YoY to ₹24 Cr due to share of losses from its furniture & fittings JV and other factors.
**Strategic Initiatives and Growth Drivers:**
The company is enhancing its competitive edge with plans for capacity expansion across multiple manufacturing locations, aiming to diversify its product portfolio and strengthen its dealer network across 1,100+ locations nationwide.
**Business Developments:**
Production has commenced at Greenply Samet, their joint venture for furniture hardware, generating ₹2 Cr in revenue for Q3 FY25 but facing a loss of ₹9.44 Cr. This is expected to improve as operations ramp up in Q4.
**Market Position and Competitive Advantage:**
Greenply continues to leverage its established market presence and innovation in products, with a focus on sustainability and quality certification which reinforce its brand reputation.
**Investor Implications:**
Investors should observe potential recovery in profitability as operational efficiencies improve, alongside strategic expansion efforts, indicating a positive outlook for sustainable growth.