Greenply Industries Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Q2 FY26 Consolidated revenue at Rs 688.6 Crores, a growth of 7.5% YoY Plywood Business* Volume grew by 7.2% YoY in Q2 FY26: Core EBITDA margin at 8.2%MDF Revenue of 146.8 Crs; Core EBITDA margin at 8.3%".
GREENPLY · price
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Awaiting price reaction for this filing.
Greenply Industries posted Q2 FY26 consolidated revenue of Rs 688.6 crores, up 7.5% year-on-year, with core EBITDA of Rs 56.8 crores at an 8.2% margin and a net profit of Rs 16.0 crores. The plywood business grew 5.4% to Rs 541.7 crores on a 7.2% rise in volumes, though realisation per sq metre slipped 3.5% due to a change in product mix. The MDF segment grew 16.1% to Rs 146.8 crores, but margins compressed sharply to 8.3% from 11.8% a year ago, and the unit slipped into a Rs 4.0 crore net loss because of an expansion-related shutdown. For H1 FY26, consolidated revenue rose 5.3% to Rs 1,289.4 crores with a PAT of Rs 44.4 crores. Management said plywood demand is recovering and is guiding for double-digit volume growth and better margins in H2 FY26, with the MDF plant now ramped up from 800 to 1,000 CBM per day.
The headline revenue growth and a management-guided recovery in H2 are positive, but the sharp MDF margin compression, a net loss in that segment, and losses from the Greenply Samet JV may keep the stock range-bound in the near term until margin improvement is visible.