Greenply Industries Limited — Updates, 29-07-2025: Press Release

Greenply Industries reported Q1 FY26 consolidated revenue of Rs 601 Cr, up 2.9% YoY, with PAT at Rs 28 Cr. Plywood business revenue grew marginally by 0.4% to Rs 454 Cr, facing demand challenges, though July showed recovery. Management anticipates improved performance later in the year, driven by easing monetary policy, BIS implementation, and softening timber prices. The MDF segment shone, with revenue up 11.7% to Rs 147.3 Cr and strong EBITDA margin of 17.4%, on track for double-digit volume growth. The Greenply Samet JV reported Rs 6.5 Cr revenue, with a Rs 5.4 Cr PAT loss. Management remains optimistic about the JV's future.