Greenply Industries Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Greenply reported Q1 FY27 consolidated revenue of INR724.9 crores, up 20.7% year-on-year, with core EBITDA margin at 10.8%. Plywood volumes grew 13.8% and MDF volumes grew 24.7% year-on-year, while management said price increases were taken to offset elevated imported chemical costs linked to geopolitical tensions. Management also confirmed commercial production of the new MDF flooring line began on 20 July 2026 and reiterated full-year volume growth targets for both plywood and MDF segments.
Greenply reported consolidated Q4 FY'26 revenue of Rs 776.2 crores, up 19.6% year-on-year, with core EBITDA margin improving to 12%, an expansion of 330 basis points over the previous quarter. Management disclosed the resignation of JMD and CEO Manoj Tulsian, an income tax search and seizure operation at company premises in late February 2026, and an exceptional item of Rs 15.16 crores relating to impairments on the Dubai entity GMEL. The company also detailed raw material cost pressures from geopolitical disruption, price hikes taken in plywood and MDF, and progress on capex projects including a new PVC/WPC plant, MDF facility and plywood facility.