Greenply Q1 PAT at Rs 280 Million, Revenue Grows 2.9% YoY
ECONOMY & POLICY

Greenply Q1 PAT at Rs 280 Million, Revenue Grows 2.9% YoY

Greenply Industries Limited, one of India’s leading manufacturers of plywood, MDF, and allied products, announced its consolidated financial results for the quarter ended 30 June 2025. The company reported revenue of Rs 6.01 billion, up 2.9 per cent year-on-year, with profit after tax at Rs 280 million.
The plywood business generated Rs 4.54 billion in revenue, growing by 0.4 per cent year-on-year. Though volumes declined by 3.1 per cent, realisations improved by 4.1 per cent to Rs 255 per square metre. Core EBITDA from the segment stood at Rs 360 million, translating to a margin of 7.9 per cent — an improvement of 10 basis points year-on-year. Net profit from the plywood business was Rs 205 million.
The MDF segment performed strongly, with revenue rising 11.7 per cent year-on-year to Rs 1.47 billion. Realisations improved by 3.1 per cent to Rs 31,763 per CBM. Core EBITDA, excluding forex losses, was Rs 256 million, with the margin rising to 17.4 per cent compared to 15 per cent in Q4 FY25. The MDF business recorded a net profit of Rs 80 million.
The Greenply-Samet joint venture posted Rs 65 million in revenue, with a proportional loss of Rs 54 million for Greenply.
Consolidated EBITDA rose 6.4 per cent year-on-year to Rs 620 million, with margins improving to 10.3 per cent.
Commenting on the results, Mr. Manoj Tulsian, JMD & CEO, noted that while plywood demand was weaker than expected in Q1 due to liquidity pressures, a recovery has started from July, aided by easing monetary policy. He expressed optimism for H2 FY26, supported by favourable sector tailwinds such as BIS implementation and softening timber prices.
He added that Greenply remains confident of meeting its double-digit volume growth and 16 per cent-plus margin guidance for the MDF segment in FY26 and expects encouraging performance from the furniture fittings joint venture going forward. 

Greenply Industries Limited, one of India’s leading manufacturers of plywood, MDF, and allied products, announced its consolidated financial results for the quarter ended 30 June 2025. The company reported revenue of Rs 6.01 billion, up 2.9 per cent year-on-year, with profit after tax at Rs 280 million.The plywood business generated Rs 4.54 billion in revenue, growing by 0.4 per cent year-on-year. Though volumes declined by 3.1 per cent, realisations improved by 4.1 per cent to Rs 255 per square metre. Core EBITDA from the segment stood at Rs 360 million, translating to a margin of 7.9 per cent — an improvement of 10 basis points year-on-year. Net profit from the plywood business was Rs 205 million.The MDF segment performed strongly, with revenue rising 11.7 per cent year-on-year to Rs 1.47 billion. Realisations improved by 3.1 per cent to Rs 31,763 per CBM. Core EBITDA, excluding forex losses, was Rs 256 million, with the margin rising to 17.4 per cent compared to 15 per cent in Q4 FY25. The MDF business recorded a net profit of Rs 80 million.The Greenply-Samet joint venture posted Rs 65 million in revenue, with a proportional loss of Rs 54 million for Greenply.Consolidated EBITDA rose 6.4 per cent year-on-year to Rs 620 million, with margins improving to 10.3 per cent.Commenting on the results, Mr. Manoj Tulsian, JMD & CEO, noted that while plywood demand was weaker than expected in Q1 due to liquidity pressures, a recovery has started from July, aided by easing monetary policy. He expressed optimism for H2 FY26, supported by favourable sector tailwinds such as BIS implementation and softening timber prices.He added that Greenply remains confident of meeting its double-digit volume growth and 16 per cent-plus margin guidance for the MDF segment in FY26 and expects encouraging performance from the furniture fittings joint venture going forward. 

Next Story
Real Estate

Hiranandani Launches India’s Largest Coastal Township in Alibaug

Hiranandani Communities, led by Dr Niranjan Hiranandani, has launched Hiranandani Sands, India’s largest integrated coastal township, near Mumbai in Alibaug, with an estimated revenue of Rs 170 billion. Spanning 225 acre, the township is designed as Mumbai’s lifestyle extension hub, featuring luxury homes, signature villas, plotted developments, and branded serviced apartments. Residents will have private beachfront access and a jetty, alongside five hotels covering luxury, business, and leisure segments, a mega convention centre, eco-wellness hub, beachside entertainment, and a globa..

Next Story
Real Estate

TDI City Kundli Relaunched with Rs 1 Billion Redevelopment Plan

TDI Infrastructure has announced a Rs 1 billion investment to redevelop and relaunch the 1,100-acre TDI City Kundli, positioning it as a natural and affordable alternative for residents of North and West Delhi. Situated just 30 minutes from Delhi via the newly operational UER-2, the township currently has around 7,000 plot owners and more than 5,000 apartments.“As part of the redevelopment, we are collaborating with Resident Welfare Associations (RWAs) to upgrade 62 parks across 23 acres, improve internal roads, enhance the existing clubhouse, and commence a new second clubhouse to support r..

Next Story
Infrastructure Transport

India Plans Rs 70 Billion Push for Shipbuilding and Ports

The Indian government is preparing a Rs 70 billion stimulus for the shipping sector, with the Union Cabinet expected to review three major schemes shortly, according to media reports. The initiative reflects India’s efforts to expand shipbuilding, port infrastructure, and maritime trade capacity in the coming years.Shares of leading shipbuilders such as Shipping Corporation of India (SCI), Garden Reach Shipbuilders & Engineers (GRSE), and Mazagon Dock Shipbuilders have already risen on expectations of government support.The plan centres on three key initiatives: a Rs 20 billion Shipbuild..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?