Furniture-Furnishing company Greenlam Industries announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Net revenues reported at Rs 681.8 crore, growth of 9.2% on YoY basis Laminate business grew by 7.2% in value and de-growth by 5.7% in volume terms on YoY basis Plywood business grew by 46.9% in value terms on YoY basis EBIDTA reported at Rs 64.0 crore, de-growth of 23.4% on YoY basis Net Profit reported at Rs 1.5 crore, de-growth of 96.3% on YoY basis Working capital stood at 55 days which is lower by 1 day on YoY basis FY25 Financial Highlights: Net revenues reported at Rs 2,569.3 crore, growth of 11.4% on YoY basis Laminate business grew by 9.2% in value and 4.1% in volume terms on YoY basis Plywood business grew by 111.7% in value terms on YoY basis EBIDTA reported at Rs 274.6 crore, de-growth of 6.8% on YoY basis Net Profit reported at Rs 68.3 crore, de-growth of 50.5% on YoY basis Speaking about the results Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries said," We continue to make steady progress across our core businesses, with overall revenue witnessing a reasonable growth of 9.2% during the quarter. This is despite challenging operating environment. Our laminate segment performed well, led by momentum in international markets, reaffirming our strategic focus on global expansion. The performance of our engineered doors and Plywood businesses also remained encouraging with growth of 46.5% and 46.9% on a year-onyear basis respectively. While decorative veneer and engineered flooring remained subdued with degrowth during the quarter. However, we remain confident in their long-term potential. Gross margin in absolute terms increased by 4.5%; however, gross margin percentage declined by 230 basis points to 50.7%, due to lower production as compared to sales. EBITDA for the quarter stood at 64.0 crore, impacted by lower gross margins, adverse forex fluctuation and higher operating costs as the company continues to invest in expanding its international footprint. The engineered doors segment delivered an operating profit during the quarter, with a positive outlook for sustained growth. The plywood division also reported improved operating performance, both on a year-on-year and sequential basis. Profit After Tax (PAT) for the quarter stood at 1.5 crore, primarily impacted by lower EBITDA, higher interest and depreciation expenses related to the chipboard business. Result PDF