Greenply Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• Greenply Industries Ltd reported a 3.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.0%.
• Its expenses for the quarter were down by 5.2% QoQ and 3.5% YoY.
• The net profit increased 38.7% QoQ and decreased 9.3% YoY.
• The earnings per share (EPS) of Greenply Industries Ltd stood at 1.9 during Q3FY25.

Financial Statments for Q3FY25

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 leading player in the interior infrastructure industry in India. The company primarily manufactures and markets a wide range of plywood, blockboards, decorative veneers, and other allied products. Greenply has established a significant presence in both the domestic and international markets, leveraging its extensive distribution network and manufacturing capabilities. It operates in a highly competitive sector characterized by constant innovation and demand for quality products. While specific recent developments have not been provided, Greenply consistently focuses on expanding its product portfolio and enhancing production efficiency to meet market demands.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Greenply Industries Ltd reported a total income of ₹617.11 crores. This represents a quarter-over-quarter (QoQ) decrease of 3.9% compared to ₹642.46 crores in Q2FY25. On a year-over-year (YoY) basis, total income declined by 2.0% from ₹629.43 crores in Q3FY24. These figures indicate a contraction in revenue generation for the company over both the quarterly and annual periods. The decrease in revenue over these periods suggests challenges in maintaining income levels or potential impacts from market conditions or operational factors specific to this timeframe.

Profitability

The profitability of Greenply Industries Ltd shows mixed performance in Q3FY25. The company's profit before tax (PBT) was ₹36.51 crores, marking a significant QoQ increase of 21.5% from ₹30.06 crores in Q2FY25. However, compared to the previous year, there was a slight YoY decrease of 0.4% from ₹36.67 crores in Q3FY24. The profit after tax (PAT) for the same quarter stood at ₹24.36 crores, rising by 38.7% QoQ from ₹17.56 crores in Q2FY25, but showing a YoY decline of 9.3% from ₹26.87 crores in Q3FY24. These variations are reflected in the earnings per share (EPS), which increased by 35.7% QoQ to ₹1.90 in Q3FY25 but decreased by 13.6% YoY from ₹2.20 in Q3FY24. The statistical data depict a quarter with improved profitability compared to the previous quarter but a decline when compared to the same quarter in the prior year.

Operating Metrics

Turning to the operating metrics, total expenses for Q3FY25 were ₹580.60 crores, which is a decrease of 5.2% QoQ from ₹612.40 crores in Q2FY25 and a 3.5% YoY decrease from ₹601.62 crores in Q3FY24. The tax expense also saw a QoQ increase of 9.2% to ₹8.82 crores from ₹8.08 crores in Q2FY25, yet it experienced an 8.4% YoY decrease from ₹9.63 crores in Q3FY24. The reduction in expenses quarter-over-quarter may indicate effective cost management or adjustments in operational activities. Despite the changes in income and expenses, the tax impact and cost structure adjustments are essential factors contributing to the company's operating performance for Q3FY25.