| Revenue growth | 20.7% YoY growth to ₹724.9Cr, driven by strong MDF volumes. |
|---|---|
| Margins | Consolidated core EBITDA margin expanded 50 bps YoY to 10.8%. |
| Demand visibility | Encouraging demand momentum continues across both segments for the full year. |
| Management confidence | Optimistic on demand but cautious on raw material cost volatility. |
Growth
Growth is volume-led with MDF up 24.7% and Plywood up 13.8% YoY. MDF realization improved 9.9% QoQ.
Outlook
Full-year volume guidance maintained at 10% for Plywood and 25-30% for MDF. Target peak net debt at ₹710-730Cr.
Risks
Chemical price spikes from Middle East tensions and ongoing losses in furniture/fittings JV. High debt-to-equity ratio at 0.57x.
Last quarter's promises, checked
Delivered
- Guided H2 FY26 double-digit growth → delivered 19.6% Q4 revenue growth (= BEAT)
- Guided Plywood volume growth → delivered 15.6% in Q4 (= BEAT)
- Guided PVC/WPC plant start April '26 → delivered commercial production commenced (= BEAT)
Partly delivered
- Guided MDF margin sustainability at 17% → delivered 17.3% but requires price hikes (= PARTIAL)
Missed
- Guided consolidated net debt ₹461Cr → delivered ₹533Cr in Q1 FY27 (= MISS)
Earnings Call Transcript filed with BSE, NSE: GREENPLY. Summary written with AI assistance from 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
All →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.
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
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
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
Greenply Industries Investor Presentation: Key Takeaways
Greenply reported Q1 FY27 consolidated revenue growth of 20.7% YoY to Rs 724.9 Cr. Core EBITDA margins expanded 50 bps YoY to 10.8%.
Greenply Industries Q1 FY27 Results: Net Profit ₹37.6 Cr, Up 31.9% YoY
Greenply Industries Ltd reported revenue from operations of ₹724.9 Cr (+20.7% YoY) and net profit of ₹37.6 Cr (+31.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹37.6 Cr · +31.9% YoY