Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026
GREENLAM · price
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Greenlam Industries reported standalone revenue of ₹2,415 crore for FY26, up 9.4% from ₹2,207 crore in FY25. Standalone profit after tax grew 23% to ₹138.6 crore from ₹112.6 crore, with EPS at ₹5.43 versus ₹4.41. Consolidated revenue rose 18.5% to ₹3,046 crore, but consolidated PAT declined 18% to ₹56 crore due to higher costs and forex losses. The auditors issued unmodified opinions on both standalone and consolidated results. The Income Tax Department conducted search proceedings at the company's offices and a subsidiary during Q4, though management expects no material impact. A final dividend of ₹0.40 per share was recommended. The company also approved voluntary liquidation of PT Greenlam Asia Pacific (Batam) step-down subsidiary and reappointed Yogesh Kapur as Independent Director.
Standalone operations show strong 23% PAT growth, but consolidated results reveal pressure from higher finance costs and forex losses. The IT search proceedings add uncertainty despite management's expectation of no material impact. The modest dividend yield and expansion plans are neutral-to-positive for investors.