Greenlam Industries Limited — Important, 31-01-2025: General Updates

Consolidated revenues for Greenlam Industries reached ₹602.0 crore, reflecting a year-on-year increase of 6.9%. The company's domestic business grew by 2.5%, while international operations saw a significant 12.8% growth. However, laminate production declined 2.8% year-over-year, with an annualized capacity utilization of 79%. Gross margins improved slightly to 55.0%, though EBITDA margins dipped to 10.6%, down 200 basis points due to elevated operating costs. Net profit halved to ₹12.5 crore, impacted by lower revenues and increased depreciation. Notably, net working capital days improved to 67 days. The newly commissioned chipboard project at Naidupeta has a capacity of 292,380 CBM and commenced production on January 23, 2025. Greenlam's robust business expansion and market positioning suggest a positive outlook, though investors should watch for developments in operating performance and cost management.