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Earnings Call

Greenply Industries Earnings Call: Key Takeaways

Greenply delivered a record-breaking Q4 with its highest-ever quarterly revenue, driven by strong growth in MDF and Plywood segments despite significant management transition and geopolitical supply chain headwinds.

Why this was an Alfa AlertNot a filter event; results were stated as 'in line' with their own growth guidance.
Highlights
Revenue growthRecord Q4 revenue of ₹776.2cr, up 19.6% YoY.
MarginsConsolidated Q4 core EBITDA margins improved to 12% via operating leverage.
Demand visibilityStrong domestic and export demand expected for both Plywood and MDF.
Management confidenceBalanced but cautious due to leadership changes and tax investigations.

Growth

FY26 revenue grew 10.1% YoY to ₹2,739cr; Q4 revenue surged 19.6% to ₹776cr with MDF volumes up 45.3%.

Outlook

FY27 guidance targets 10% volume growth in Plywood and 25-30% in MDF; ₹480cr capex planned.

Risks

CFO/CEO resignation, income tax search operations, and ₹15.16cr one-time impairment on Dubai entity assets due to geopolitics.

Source

Earnings Call filed with NSE, NSE: GREENPLY. Summary written with AI assistance from the document.

Read the document ↗

Greenply Industries Ltd: key numbers

Share price
₹287.25
Market cap
₹3,588 Cr
Revenue (annual)
₹2,739 Cr
Net profit (annual)
₹89.53 Cr
P/E (TTM)
36.4×Sector 44.4×
Promoter holding
51.93%+0.04% QoQ
FII holding
4.44%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:12 IST NSE
Merger & Restructuring

Greenply Industries Merger & Restructuring

Greenply Industries will dilute its stake in JV Greenply Samet Private Limited from 50% to ~18.98% via a capital infusion by partner Samet B.V.

18:08 IST NSE
Debt & Borrowing

Greenply Industries Debt & Borrowing: ₹200 Cr

Greenply Industries Limited has approved a corporate guarantee of ₹200 Crore in favour of IDBI Bank for a term loan availed by its subsidiary, GSPPL.

Value
₹200.0 Cr
16:48 IST NSE
Merger & Restructuring

Greenply Industries Merger & Restructuring Worth ₹380 Cr

Greenply is restructuring its JV 'Greenply Samet', with partner Samet investing USD 30-40 million. This dilution allows Greenply to focus on its core businesses.

Value
₹380.0 Cr
Execution
2-3 years
16:44 IST NSE
Board Meeting Outcome

Greenply Industries Board Meeting Outcome

Greenply approved a ₹200 Crore corporate guarantee for its subsidiary and a joint venture capital restructuring that will see the JV cease to be an associate.

Value
₹200.0 Cr