Forest Products company Greenply Industries announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Q4 Consolidated revenue at Rs 649 crore, a growth of 8.2% YoY Plywood Business Volume grew by 4.9% YoY in Q4FY25; Core EBITDA margin at 9.2% MDF Revenue of 135.6 Crs; Core EBITDA margin at 15% Core EBITDA was Rs 68 crore, EBITDA margin of 10.5 % and a YoY growth of 18.1% PAT at Rs 17 crore. FY25 Financial Highlights: Revenue at Rs 2,488 crore, grew by 14.1% on YoY basis Core EBITDA was Rs 238 crore, EBITDA margin of 9.6% and a YoY growth of 27.2% PAT at Rs 92 crore. Commenting on the performance for Q4FY25, Manoj Tulsian, JMD & CEO, Greenply Industries said: “The growth in the plywood business for the fourth quarter was satisfactory in a challenging market scenario. Margins improved to 9.2% in Q4FY25 despite higher brand promotion expenditure. In FY’26 we aim to achieve an EBITDA margin of 10% plus. In the MDF business, our margins improved to 15% in Q4 FY’25 and we are confident of achieving 16% plus margin in FY’26 with a further increase in volume sales. We are also confident that our furniture fittings joint venture will deliver an encouraging revenue number in the upcoming year. All the three segments are at the cusp of an exciting phase as we steer through an environment which is positive for local manufacturing with the onset of BIS norms” Result PDF
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