Greenply Industries Limited has informed the Exchange about Transcript
GREENPLY · price
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Greenply reported its highest-ever quarterly consolidated revenue of INR649 crore in Q4 FY25, up 8.2% YoY, with core EBITDA of INR68 crore (up 18.1% YoY) and EBITDA margin improving to 10.5% from 9.6% a year ago. Full-year FY25 revenue grew 14.1% to INR2,488 crore with core EBITDA up 27.2% to INR238 crore and margin expanding from 8.6% to 9.6%. The Plywood business saw 4.9% volume growth and 9.8% value growth, while MDF EBITDA margin jumped to 15% from 10.4% in the previous quarter on better product mix. Management guided for double-digit consolidated revenue growth in FY26 with Plywood EBITDA margin above 10% and MDF EBITDA margin above 16%. Net debt stood at INR464 crore with a debt-to-equity ratio of 0.57, and management targets debt reduction of INR100-120 crore by end of FY26. One-time hits included INR6 crore Singapore impairment, INR7 crore Middle East loss, and INR9 crore Samet JV loss.
Strong FY25 results with margin expansion across both Plywood and MDF businesses and a clear FY26 guidance for double-digit growth and further margin improvement should be viewed positively by shareholders. The QCO/BIS tailwind, debt reduction plan, and easing input costs from Q3 FY26 are supportive, though near-term MDF volume softness and Samet JV losses remain watch points.