Financial Performance Overview

Quarterly Performance (Q4FY26):

  • Revenue stood at ₹857.7 crores, a growth of 25.8% YoY (Q4FY25: ₹681.8 crores) and 21.4% QoQ (Q3FY26: ₹706.3 crores).
  • Gross Profit was ₹442.1 crores, up 28.0% YoY. Gross Margin expanded by 80 bps YoY to 51.5% but declined 410 bps QoQ from 55.6% in Q3FY26.
  • EBITDA before forex fluctuations and exceptional items was ₹107.4 crores, a growth of 57.1% YoY. EBITDA Margin was 12.5%, an expansion of 250 bps YoY.
  • Net Profit was ₹40.5 crores, compared to ₹1.5 crores in Q4FY25 and a net loss of ₹0.60 crores in Q3FY26.

Annual Performance (FY26):

  • Annual Revenue was ₹3,046.1 crores, crossing the ₹3,000 crore mark for the first time, representing 18.6% growth over FY25 (₹2,569.3 crores).
  • Gross Profit was ₹1,633.3 crores, with a Gross Margin of 53.6% (130 bps expansion over FY25).
  • EBITDA before forex and exceptional items was ₹334.2 crores, up 21.0% YoY, with a margin of 11.0% (30 bps expansion).
  • Net Profit was ₹56.0 crores, an 18.1% decline from ₹68.3 crores in FY25.

Segment-wise Performance

1. Laminates & Allied Segment:

  • Q4FY26 Revenue: ₹658.6 crores (not explicitly stated but calculated from gross margin data).
  • Q4FY26 Gross Margin: ₹356.7 crores (54.2% margin, 320 bps YoY expansion).
  • Q4FY26 EBITDA without forex: ₹113.5 crores (17.2% margin, 350 bps YoY expansion).
  • Production: 4.87 million sheets, up 10.0% YoY. Sales: 5.15 million sheets, up 4.5% YoY. Average Realization: ₹1,243 per sheet, up 11.7% YoY.

2. Plywood & Allied Segment (Plywood, Veneers, Floors, Doors):

  • Q4FY26 Revenue: ₹119.3 crores, up 17.9% YoY.
  • Q4FY26 Gross Margin: ₹54.0 crores (45.2% margin).
  • Q4FY26 EBITDA without forex: Loss of ₹3.8 crores.

3. Panel & Allied Segment (Chipboards):

  • The Chipboard unit at Naidupeta commenced commercial operations on January 23, 2025.
  • Q4FY26 Revenue: ₹79.8 crores, a 47.3% QoQ growth.
  • Q4FY26 Gross Margin: ₹31.5 crores (39.4% margin).
  • Q4FY26 EBITDA without forex: Loss of ₹2.2 crores.
  • Production: 35,305 CBM. Sales: 38,799 CBM. Average Realization: ₹20,562 per CBM.

Balance Sheet & Capital Structure (as of March 31, 2026)

  • Total Shareholders' Funds: ₹1,179.1 crores (Mar-25: ₹1,125.3 crores).
  • Total Debt: ₹1,055.4 crores, comprising Long-Term Borrowings of ₹883.9 crores and Short-Term Borrowings of ₹171.5 crores.
  • Cash & Liquid Investments: ₹115.3 crores.
  • Net Debt: ₹940.1 crores (Mar-25: ₹989.1 crores).
  • Total Assets: ₹3,004.2 crores.

Operational and Strategic Highlights

  • Capacity Expansion: The company highlighted the commissioning of new greenfield projects:
  • Plywood plant at Tindivanam (commercial production from June 9, 2023).
  • Laminate plant at Naidupeta (commercial production from September 29, 2023).
  • Chipboard plant at Naidupeta (commercial production from January 23, 2025).
  • Bonus Issue: The company issued bonus equity shares in the ratio of 1:1 during FY25.
  • Working Capital: Net Working Capital days improved to 51 days in Q4FY26 from 55 days in Q4FY25.

Key Metrics

  • Return Ratios:
  • ROCE (before exceptional items) for FY26 stood at 8.6% (FY25: 7.8%).
  • ROE for FY26 was 4.7% (FY25: 6.1%).
  • Employee Count: The company has over 9,000 employees.
  • Distribution: It has a network of over 40,000 distributors, wholesalers, dealers, and retailers.

Forward-Looking Statements

The presentation contains standard forward-looking statements concerning future business prospects, subject to risks including competition, economic growth, and raw material price fluctuations. The company explicitly states it does not undertake to update these statements.

Contacts for Investor Relations

  • Company Contact: Mr. Ashok Kumar Sharma, CFO (ashok.sharma@greenlam.com)
  • IR Advisors: Strategic Growth Advisors Pvt. Ltd. (Mr. Shogun Jain and Mr. Shrikant Sangani)