Greenply Industries Ltd (BOM:526797)

Q1 2026 Greenply Industries Ltd Earnings Call Transcript

Jul 30, 2025 / 05:30AM GMT

Release Date Price: ₹331 (-0.56%)

Transcript

Key Points

Positve

Greenply Industries Ltd (BOM:526797) reported a consolidated quarterly revenue of INR601 crores, marking a 2.9% year-over-year growth.
The company's core EBITDA for the quarter increased by 6.4% year-over-year, reaching INR62 crores, with an improved EBITDA margin of 10.3%.
The MDF business showed strong performance with a revenue of INR147.3 crores and an EBITDA margin improvement to 17.4% from 15% in the previous quarter.
Greenply Industries Ltd (BOM:526797) successfully reduced its stake in Greenply Middle East Limited from 49% to 19%, decreasing its exposure and liability.
The company launched its first-ever television commercial campaign for Ecotec, aiming to strengthen brand preference in the plywood segment, particularly in Tier 2 and Tier 3 markets.

Negative

Greenply Industries Ltd (BOM:526797) faced liquidity challenges, leading to delays in the commencement of new projects and affecting June's performance.
The plywood segment experienced a marginal volume degrowth of 3.1% year-over-year due to subdued market conditions in June.
The furniture and fittings joint venture reported a PAT loss of INR10.8 crores for the quarter, with Greenply's share of the loss amounting to INR5.4 crores.
Net debt increased to INR538 crores, primarily due to inventory buildup in response to import restrictions and planned plant shutdowns.
The company anticipates challenges in achieving double-digit volume growth in the plywood segment for the full year, given the subdued performance in Q1.

Operator

Ladies and gentlemen, good day and welcome to the Greenply Industries Q1 FY26 earnings call. (Operator Instructions) Please note conference is being recorded.

I now hand the print over to Mr. Karan Bhatelia in Time India. Thank you and over to you.

Karan Bhatelia

Asian Market Securities - Investor Relations

Hi, everyone. Good morning. On behalf of Asian Market Securities, we thank you for joining us on the Greenply Industries 1Q FY26 conference call. In the panel today, we have Mr. Manoj Tulsian, Joint Managing Director and CEO; Mr. Sanidhya Mittal, Joint Managing Director; and new CFO, Sanjiv Keshri.

We're now inviting Manoj-ji to begin the proceedings of the call. Thank you and over to you, sir.

Manoj Tulsian

Greenply Industries Ltd - Joint Managing Director, Chief Executive Officer, Executive Director

Thank you, Karan, and good morning, everyone. It is a pleasure to have you all on this call. I will be updating you on Greenply's operating and financial performance for Q1 FY 2026.

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