Greenlam Industries Limited — Updates, 07-08-2025: Press Release

Greenlam Industries reported Q1FY26 consolidated net revenues of Rs. 673.8 Cr, up 11.4% YoY, driven by strong 22.2% domestic growth. The new chipboard business, now fully operational, contributed to domestic growth but incurred initial operating losses, higher interest, and depreciation. A notional loss of Rs. 18.8 Cr from EUR denominated loans due to forex movement also impacted results. This led to a net loss of Rs. 15.7 Cr compared to a profit last year. Gross margins improved, and working capital discipline remained strong. The company stabilized chipboard production and is exploring exports.