Greenlam Industries Limited — Investor Meet, 06-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Greenlam Industries Limited reported Q2 revenue of ₹680 crores, up 12.8% YoY. The laminate segment achieved record production, with domestic revenue increasing by 15.5%. The new plant in Andhra Pradesh is stabilizing, and margins were impacted by higher operational costs. Net profit decreased to ₹34.4 crores, attributed to rising depreciation. EBITDA margins stood at 12%, and the company anticipates growth across its various segments as it expands market presence and enhances operational efficiency.