Financial Performance Highlights

Consolidated Results - Q1 FY27

  • Revenue: ₹724.9 crores, representing a 20.7% year-on-year increase
  • Core EBITDA: ₹78.3 crores
  • Core EBITDA Margin: 10.8%
  • Net Profit: ₹37.6 crores

Plywood Business Performance*

  • Revenue: ₹526.6 crores from plywood & allied products, a 16.0% YoY increase
  • Realization per SQM: ₹265
  • Core EBITDA: ₹44.5 crores
  • Core EBITDA Margin: 8.4% (50 bps improvement YoY from 7.9%)
  • Net Profit: ₹26.6 crores
  • Volume Growth: 13.8% year-on-year

MDF Business Performance

  • Revenue: ₹195.7 crores, a 32.8% YoY increase
  • Realization per CBM: ₹33,525
  • Core EBITDA (without forex loss): ₹33.9 crores
  • Core EBITDA Margin: 17.3%
  • Net Profit: ₹16.8 crores
  • Volume Growth: 24.7% year-on-year

Greenply Samet Joint Venture Performance

  • Total Revenue (100%): ₹13.61 crores
  • Share of PAT Loss (50%): ₹5.7 crores

*Plywood Business includes Greenply Standalone + Subsidiaries

Management Commentary

Mr. Sanidhya Mittal, Joint Managing Director, commented:

  • Company remains on track to achieve its full-year guidance
  • Plywood business shows healthy volume momentum
  • MDF segment delivered exceptional 32.8% revenue growth
  • Launched permanent 'One Sheet, One Tree' sustainability initiative - plants one tree for every plywood sheet supplied across India
  • Greenply Samet JV doubled revenue from corresponding quarter last year
  • Confident that JV business will witness significant growth this year supported by expanding market presence and improving customer acceptance

Company Background

Greenply Industries Limited holds leadership position in plywood industry with five state-of-the-art manufacturing facilities across India. Product portfolio includes Plywood, MDF, blockboards, decorative veneers, flush doors, and furniture hardware through JV with Samet (Turkey-based furniture fittings manufacturer). Distribution network spans over 1,100 cities/towns/villages across 27 states and 6 union territories through 3,000+ dealers, 6,000+ retail network, and 60+ physical/virtual branches pan-India.

Additional Information

  • Company pioneered India's first E-Zero plywood range in FY21 (zero emission products)
  • Conferred with Great Place to Work title for three consecutive years (2020, 2021, 2022)