Greenply Industries Limited has submitted to the Exchange, the un-audited financial results for the period ended June 30, 2025.
GREENPLY · price
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On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.3 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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Greenply Industries reported weak topline but a sharp jump in consolidated profit for Q1 FY26. Standalone revenue from operations fell about 12% year-on-year to Rs 43,821.83 lakhs (from Rs 49,795.32 lakhs), and standalone profit after tax dropped roughly 26% to Rs 1,856.22 lakhs (from Rs 2,494.92 lakhs), with basic EPS at Rs 1.49 vs Rs 2.00. On a consolidated basis, revenue from operations declined about 7.4% to Rs 60,081.19 lakhs, but profit after tax surged over 71% to Rs 2,845.76 lakhs (from Rs 1,660.35 lakhs), helped by a lower share of losses from associates and a one-time exceptional gain of Rs 443.34 lakhs. The company transferred 30% of its stake in Greenply Middle East Limited (GMEL), leading to a Rs 120.99 lakh standalone loss but a Rs 443.34 lakh consolidated gain classified as an exceptional item. Statutory auditors BSR & Co. LLP issued an unmodified limited review report on both the standalone and consolidated results.
The mixed performance — falling revenue but sharply higher consolidated profit — suggests cost discipline and lower associate-level losses are supporting earnings, while weak top-line growth in the core plywood segment may pressure the stock in the short term. The gain from the GMEL stake sale is non-recurring, so underlying standalone profit remains weaker than a year ago, which investors should factor in.