Greenlam Industries Limited has informed the Exchange regarding a press release dated August 07, 2025, titled "Press Release for Q1 FY26 Results".
GREENLAM · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.6 pts more than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Greenlam Industries reported Q1 FY26 consolidated net revenues of Rs. 673.8 crores, up 11.4% YoY from Rs. 604.7 crores, driven by strong domestic growth of 22.2% (Rs. 382.6 crores). However, the company swung to a net loss of Rs. 15.7 crores compared to a profit of Rs. 19.9 crores in Q1 FY25. EBITDA before forex declined 14.5% to Rs. 54.7 crores, with margins compressing 250 basis points to 8.1%. The loss was attributed to a Rs. 18.8 crore notional forex loss on a EUR-denominated loan for the chipboard project, plus higher interest and depreciation costs as the chipboard division operated for its first full quarter. Gross margins improved 110 bps to 53.1%, and working capital improved by 6 days to 59 days.
Mixed results for shareholders — revenue growth is positive, particularly domestically, but the swing to a net loss and margin compression driven by chipboard ramp-up costs and forex losses are concerning in the near term. Net debt stands at Rs. 1,039.6 crores, which warrants monitoring as the new chipboard business scales up.