Greenply Industries Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Greenply has announced a board meeting to consider the financial results for the quarter and half-year.

Greenply Industries posted a record consolidated quarterly revenue of INR649 Cr, up 8.2% YoY, with core EBITDA increasing 18.1% to INR68 Cr and margin at 10.5%. PAT stood at INR17 Cr, impacted by equity losses and forex adjustments. Full-year revenue rose 14.1% to INR2,488 Cr, with EBITDA up 27.2% at INR238 Cr and margin at 9.6%. PBT before equity losses jumped 47% to INR151 Cr.

Plywood volumes gained 4.9% QoQ with 9.8% value growth; EBITDA margin improved 50 bps to 9.2%. MDF revenue reached INR135.6 Cr, with a 10% realization increase and 15%+ EBITDA margin. MDF capacity utilization was 74%, with 25% expansion planned by FY26.

Management aims for double-digit consolidated revenue growth in FY26, targeting 10%+ EBITDA margin in plywood and 16%+ in MDF. Debt stands at INR464 Cr (0.57 D/E), with plans to lower net debt. Focus remains on premium products, efficiency gains, and scaling furniture fittings JV this year.