Greenlam Industries Limited has informed the Exchange about Transcript

Greenlam Industries reported FY25 revenue of INR 2,569 crores, up 11.4% year-on-year but below the earlier 18-20% growth guidance, as second-half demand slowed. Profitability was hit hard, with FY25 EBITDA margin falling 210 basis points to 10.7% and net profit halving to INR 68.3 crores, dragged by higher depreciation and interest costs from three newly commissioned plants (plywood in Tamil Nadu, laminate and chipboard in Andhra Pradesh) totaling about INR 1,300 crores of capital spent. Management guided for revenue of INR 4,500 crores over the next 3-4 years from existing capacity, with FY26 framed as a year of execution, laminate margins improving to 14-15%, and plywood near breakeven on a full-year basis. The chipboard business is expected to reach 30-40% utilization in FY26 with breakeven pushed to FY27 at around 45% utilization. Net debt peaked at INR 989 crores and the CFO outlined gradual debt reduction from FY27 onwards, while a final dividend of 40% (INR 0.40 per share) was declared.