Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and half year ended 30th September, 2026 (Q2 FY27)
Nature of Filing / Announcement: Unaudited Financial Results and Outcome of Board Meeting
Audit Opinion:
Clean/Unmodified opinion. Statutory Auditors BS R & Co. LLP issued an unmodified limited review report on both standalone and consolidated financial results.
Auditor’s Comment:
No qualifications or modifications. The auditors stated: "nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Quarter Ended 30.09.2026:
- Revenue from Operations: ₹5,915.825 lakhs (vs ₹4,969.899 lakhs in Q1 FY27; ₹5,210.491 lakhs in Q2 FY26)
- Total Income: ₹6,010.714 lakhs
- EBITDA: Not explicitly disclosed
- Net Profit: ₹3,146.53 lakhs (up 48% YoY from ₹2,127.65 lakhs in Q2 FY26)
- EPS: ₹2.52 (Basic and Diluted)
- Other Equity: ₹93,192.45 lakhs (vs ₹88,539.51 lakhs as of 31.03.2026)
- Cash and Cash Equivalents: ₹501.17 lakhs (vs ₹1,629.71 lakhs as of 31.03.2026)
- Debt:
- Short-term borrowings: ₹6,691.92 lakhs
- Long-term borrowings: ₹1,696.76 lakhs
- Total borrowings: ₹8,388.68 lakhs
Half Year Ended 30.09.2026:
- Revenue from Operations: ₹10,885.724 lakhs
- Net Profit: ₹5,274.18 lakhs
- EPS: ₹4.22 (Basic and Diluted)
Consolidated Results:
Quarter Ended 30.09.2026:
- Revenue from Operations: ₹7,996.860 lakhs
- Total Income: ₹8,031.747 lakhs
- Net Profit: ₹4,272.66 lakhs
- EPS: ₹3.42 (Basic and Diluted)
- Other Equity: ₹95,628.24 lakhs
- Cash and Cash Equivalents: ₹3,096.46 lakhs
Half Year Ended 30.09.2026:
- Revenue from Operations: ₹15,245.724 lakhs
- Net Profit: ₹8,033.76 lakhs
- EPS: ₹6.43 (Basic and Diluted)
Segment-wise Performance [₹ in Lakhs]:
The Group operates in two segments:
Plywood and allied products:
- Q2 FY27 Revenue: ₹6,261.361 lakhs
- Q2 FY27 Segment Result: ₹5,465.12 lakhs
Medium density fibreboards and allied products:
- Q2 FY27 Revenue: ₹1,738.959 lakhs
- Q2 FY27 Segment Result: ₹2,015.14 lakhs
Corporate Actions:
- Final dividend of ₹0.50 per share (50%) aggregating to ₹624.51 lakhs for FY26 was approved by shareholders on 25th August, 2026
- No other corporate actions (buyback, split, bonus) announced in this quarter
Other Significant Information:
Capacity Expansion:
- Board approved expansion of manufacturing capacity at wholly owned subsidiary Greenply Sandila Private Limited
- Proposed capacity addition: 15.00 million Sq. Mtr. per annum
- Investment required: Approximately ₹125 crores
- Completion target: Q4 of FY28
- Financing mode: Term loan from bank, equity from holding company, and internal accruals
Investment in Subsidiary:
- Board approved investment of up to ₹30 crores in equity shares of Greenply Sandila Private Limited
- Funds to be used for the capacity expansion project
Management Changes:
- Revision in managerial remuneration of Mr. Rajesh Mittal (Chairman cum Managing Director) effective after shareholder approval until December 31, 2030
- Revision in managerial remuneration of Mr. Sanidhya Mittal (Joint Managing Director) effective after shareholder approval until February 06, 2028
- Revision in remuneration of Ms. Surbhi Poddar (Associate General Manager - Marketing) effective after shareholder approval
- Appointment of Mr. Gaurav Drolia as Executive Vice President Chief Strategy Officer and Senior Management Personnel effective from 31st October, 2026
Auditor Appointment:
- MSKA & Associates LLP appointed as Statutory Auditors for 5 years starting from conclusion of 37th AGM (2027) until 42nd AGM (2032)
- BS R & Co. LLP will continue until conclusion of 37th AGM in 2027
Exceptional Items:
- No exceptional items in current quarter (Q2 FY27)
- Previous exceptional items related to:
- Sale of investment in Greenwud Panel Limited (June 2025)
- Impact of New Labour Codes implementation (December 2025)
- Provision for diminution in value of investment in Greenwud Panel Limited (March 2026)