Furniture & Furnishing company Greenlam Industries announced Q3FY25 results Net revenues reported at Rs 602.0 crore, growth of 6.9% on YoY basis. Overall laminate business grew by 4.0% in value terms and 2.6% in volume terms on YoY basis. Engineered Floor, Engineered Doors and Plywood business performed reasonably well during the quarter registering growth of 13.8%, 49.5% and 90.7% respectively on YoY basis. EBITDA reported at Rs 63.5 crore, de-growth of 10.7% on YoY basis. Net Profit reported at Rs 12.5 crore, de-growth of 50.3% on YoY basis. Working capital stood at 67 days, improvement of 5 days on YoY basis. Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries, said: “The quarter remained subdued, with an overall year-on-year revenue growth of 6.9% taking our net consolidate revenues for the quarter at Rs 602.0 crore. Our international laminate business continued to deliver steady performance in both value and volume terms, reflecting our strong global presence. On the domestic front, the laminate business faced challenges this quarter. However, our Mikasa Floors and Doors businesses showcased growth of 13.8% and 49.5%, respectively, while the plywood segment maintained steady momentum with a YoY growth of 90.7%. Gross margins during the quarter expanded by 20 basis points to 55.0%, driven by stable raw material costs and pricing discipline. However, lower revenue and higher operating expenses during the quarter impacted EBITDA margins, which contracted by 200 basis points to 10.6%, compared to 12.6% in Q3FY24. Net profit declined to Rs 12.5 crore, primarily due to lower operating profits, higher depreciation and interest for new projects and income tax provisions related to prior period. Our working capital stood at 67 days during the quarter We are excited to announce the commencement of commercial production at our state-of-the-art chipboard manufacturing facility in Naidupeta, Andhra Pradesh. Equipped with advanced German technology, this facility positions us as India’s only fully integrated manufacturer offering a unified range of laminates, compacts, restroom cubicles, and prelaminated chipboards, all produced at a single location. With an annual capacity of 2,92,380 cubic meters, the plant has the potential to generate revenues of up to Rs 750 crore at full capacity utilization. The total capital investment for this project stands at approximately Rs 735 crore as of the start of commercial production. The prelaminated chipboard will be marketed under the Greenlam MFC brand”. Result PDF