Greenply Industries' Q2 FY 2025-26 Quarterly Results

Result Summary

• Greenply Industries Ltd reported a 12.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 7.5%.
• Its expenses for the quarter were up by 15.4% QoQ and 8.0% YoY.
• The net profit decreased 43.9% QoQ and decreased 9.0% YoY.
• The earnings per share (EPS) of Greenply Industries Ltd stood at 1.27 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Greenply Industries Ltd is a prominent player in the plywood and interior infrastructure sector in India. With a strong emphasis on quality and innovation, the company primarily manufactures and sells a range of plywood, block boards, flush doors, and decorative veneers. Greenply has established a significant presence in both domestic and international markets, catering to diverse customer needs. The company has been focusing on expanding its product portfolio and enhancing its distribution network to strengthen its market position. While recent developments or strategic initiatives are not specifically highlighted in the provided data, the company's consistent performance in the plywood industry is well-recognized.

Revenue

In Q2FY26, Greenply Industries Ltd reported a total income of ₹690.33 crores, reflecting a 12.4% increase from the previous quarter (Q1FY26) where the income stood at ₹613.98 crores. This represents a year-over-year (YoY) growth of 7.5% compared to Q2FY25, where total income was ₹642.46 crores. The revenue growth indicates an upward trend in the company's income generation, driven by its operations in the interior infrastructure sector. This performance is indicative of the company's ability to enhance its revenue streams over both the quarterly and annual periods.

Profitability

Profitability metrics for Greenply Industries Ltd in Q2FY26 indicate a Profit Before Tax (PBT) of ₹29.19 crores, a decrease of 35.6% quarter-over-quarter (QoQ) from ₹45.32 crores in Q1FY26. On a year-over-year basis, this marks a slight decline of 2.9% from ₹30.06 crores in Q2FY25. The Profit After Tax (PAT) for Q2FY26 is ₹15.98 crores, down by 43.9% QoQ from ₹28.46 crores in Q1FY26 and by 9.0% YoY from ₹17.56 crores in Q2FY25. The Earnings Per Share (EPS) for Q2FY26 is recorded at ₹1.27, showing a reduction of 44.3% QoQ and 9.9% YoY. The decline in profitability and EPS highlights a challenging quarter for the company in terms of net earnings.

Operating Metrics

Greenply Industries Ltd's total expenses for Q2FY26 amounted to ₹661.14 crores, marking a 15.4% increase from the previous quarter's expenses of ₹573.09 crores. Compared to Q2FY25, expenses rose by 8.0% from ₹612.40 crores. The tax expense for Q2FY26 was ₹7.33 crores, which is a decrease of 5.1% from Q1FY26's ₹7.72 crores and a 9.3% reduction compared to Q2FY25's ₹8.08 crores. These metrics suggest variations in operational costs and tax liabilities over the observed periods, reflecting the company's financial management strategies.