Conference Call with Greenply Industries Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript. Management in attendance
Forest Products company Greenply Industries announced Q3FY25 results Revenue at Rs 614 crore, grew by 5.6% on YoY basis. Core EBITDA was Rs 54 crore, EBITDA margin of 8.8 % and a YoY growth of 7.2%. PAT at Rs 24 crore. Manoj Tulsian, JMD & CEO, Greenply Industries, said: “We have been consistently seeing growth in our plywood business for last few years, but the Q3 numbers have been lower than the trend seen recently. We are confident that it will rebound in Q4 and also believe in improving margin in Q4 to about 10%. In the MDF business, we faced an unforeseen plant shutdown in the quarter due to equipment failure. In the fourth quarter we believe that the revenue will be substantially better and margins to be stronger at about 16%. We have received all the equipments, and the production has started at our furniture fittings JV. We are hopeful of building a reasonable revenue number in Q4." Result PDF