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Earnings Call

Greenply Industries Earnings Call: Key Takeaways

Greenply reported its highest-ever quarterly revenue of ₹776.2cr for Q4FY26, with consolidated core EBITDA margins expanding 330 bps QoQ to 12% driven by volume growth and operating leverage.

Why this was an Alfa AlertNot a filter event. Management stated they successfully delivered 'in line' with their H2 FY '26 guidance.
Highlights
Revenue growth19.6% YoY in Q4; 10.1% for full year FY26.
MarginsMDF margins at 17%; consolidated core EBITDA margin improved to 12%.
Demand visibilityStrong start in Q1FY27; confident in MDF volume growth targets.
Management confidenceHigh; carrying momentum into FY27 with strong Q1 start.

Growth

Q4 revenue grew 19.6% YoY; FY26 revenue grew 10.1% to ₹2,739cr. Plywood volume up 15.6% in Q4.

Outlook

Guided 10% plywood volume growth and 25-30% MDF growth. ₹425cr MDF capex underway; new plywood technology implementation.

Risks

Geopolitical issues impacting chemical imports; income tax search conducted in Feb-Mar 2026; high debt during peak capex.

Source

Earnings Call filed with BSE, 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.

More from Greenply Industries Ltd

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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