Greenply Industries, a major player in the wood-based panels sector, has announced plans for a significant capital expenditure of around INR 500-520 crore over the next 18 months. The company's Chief Financial Officer aims to increase MDF capacity by approximately 70% through various projects, suggesting a strong focus on growth and expansion in this area.
Greenply Industries Limited
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Greenply Industries experienced an income tax raid between February 26 and March 2, 2026. The company has cooperated fully with the authorities, but the exact financial implications remain undetermined at this time.
Greenply has incurred a 9.48 crore INR loss on its Dubai unit and paid a $1 million guarantee to Citibank as a result of the underperformance of this division.
Greenply Industries aims for significant growth in Medium Density Fiberboard (MDF) production, targeting a 25-30% increase by 2027. The ambitious plan is fueled by ongoing demand and supported by capacity expansion and strategic market strategies as shared during their recent conference call.
Greenply Industries is aiming for double-digit profit margins in the plywood sector, marking a significant goal for their business. The company places importance on maintaining profitability by prioritizing strategic decisions over cost reductions.
Greenply reported a significant 86.4% year-on-year increase in Q4 net profit, reaching ₹30.7 crore, alongside a 19.6% rise in revenue to ₹776.2 crore. EBITDA also increased by 37%, with improved margins at 12%.
Greenply Industries reported a significant 86% increase in Q4 net profit, reaching ₹310 million. The company's revenue also grew by 20% to ₹7.8 billion for the same quarter. These impressive figures suggest strong performance and growth in their operations.
Greenply Industries reported a significant 20% increase in quarterly revenue for Q4 of the fiscal year 2026, with an overall growth of 10.1% for the entire FY26. The company's core EBITDA showed a robust 37% year-over-year surge in Q4 FY26. Despite including exceptional items, pre-tax profit also saw a notable 79.2% increase year-on-year, demonstrating strong financial performance.
Greenply's Q4 revenue surged by 20%, reaching INR 776.2 crores, with a significant increase in core EBITDA to Rs 93.2 Cr. The company witnessed a 15.6% and an impressive 45.3% growth in plywood and MDF volumes respectively for the same period. In FY26, they reported a net profit of INR 89.8 Cr.
Greenply Industries has reappointed an Independent Director for five years and plans a Rs. 15 crore investment in its JV GSPL. The company also announces a final dividend of Re. 0.50 per share for FY 2025-26, but Manoj Tulsian, the Joint MD & CEO, will be leaving effective April 30, 2026.
Greenply Industries has shared its Q4 financial results, highlighting significant figures that reflect the company's performance during this period.
Greenply Industries will hold a board meeting on April 28, 2026, to discuss and potentially approve the dividend for their fiscal year ending March 2026. Trading has been suspended since April 1st, reopening after financial results submission on April 30th.