Outcome of Board Meeting
GREENLAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Greenlam Industries reported strong standalone FY26 results with revenue of ₹2,415 Cr (up ~9.4% YoY) and PAT of ₹138.64 Cr (up ~23.1% YoY). However, consolidated results show revenue of ₹3,046 Cr (up ~18.6% YoY) but a decline in PAT to ₹56.02 Cr (down ~18% YoY) due to a significant increase in finance costs (₹96.22 Cr vs ₹65.48 Cr), partly attributed to foreign exchange losses on ECB borrowings for the Chipboard project. Standalone EBITDA margins remained broadly stable at ~7.1%. The Board recommended a final dividend of ₹0.40 per share (subject to shareholder approval) and approved the re-appointment of Yogesh Kapur as Independent Director for a second 5-year term. The company also disclosed an IT Department search at its registered office and subsidiary, though management believes no material adjustments are required. Auditors issued unmodified opinions on both standalone and consolidated financial statements.
Standalone earnings growth is healthy at 23%, but the consolidated PAT decline and rising finance costs raise concerns about leverage and currency headwinds from the Chipboard expansion project. The IT search disclosure may create near-term uncertainty among investors.