Greenply Industries Limited — Investor Meet, 01-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Greenply Industries' Q1 FY26 consolidated revenue reached INR601 Cr (+2.9% YoY), with core EBITDA at INR62 Cr (+6.4% YoY) and a 10.3% margin. Adjusted PBT grew 33% YoY to INR50 Cr. Plywood volumes saw slight degrowth, but realizations improved, supported by a new Ecotec TV campaign. MDF performed strongly with 17.4% margins, planning a 25% capacity expansion for INR10-12 Cr, and HDF flooring production starting Sep 2025. Net debt rose due to inventory build-up, expected to normalize by H1 FY26. Greenply reduced its GMEL stake to 19%, cutting contingent liability to USD3.8 million. Management foresees strong Q2/H2 recovery.