Greenlam Industries Limited — Updates, 30-01-2025: Press Release

For Q3 and the nine months ended December 31, 2024, Greenlam Industries Limited reported consolidated net revenues of Rs. 602.0 crore, reflecting a 6.9% year-on-year growth. The laminate segment grew 4.0% in value and 2.6% in volume, while the engineered flooring, doors, and plywood businesses saw strong gains of 13.8%, 49.5%, and 90.7% respectively. EBITDA decreased by 10.7% to Rs. 63.5 crore, with net profit down 50.3% to Rs. 12.5 crore due to higher operating expenses and depreciation from new projects.

For the nine-month period, revenues grew 12.2% to Rs. 1887.6 crore, but net profit fell by 31.2% to Rs. 66.9 crore. The company emphasized its strong global presence in laminates but acknowledged challenges in the domestic market.

Additionally, Greenlam has commenced commercial production at its new chipboard manufacturing facility in Naidupeta, Andhra Pradesh. With an annual capacity of 2,92,380 cubic meters, this plant is expected to generate revenues up to Rs. 750 crore upon full utilization, further enhancing the company’s manufacturing capabilities.