Greenply Industries Q4 Results: Profit Down 41.5% To Rs 16.6 Crore

Greenply Industries Ltd., one of the leading players in the plywood industry, on Monday reported a decline of 41.45% in consolidated net profit to Rs 16.60 crore for the March quarter. The company had posted a profit of Rs 28.36 crore in the January-March period a year ago, Greenply said in a regulatory filing.

Its revenue from operations was at Rs 648.77 crore, up 8.16 per cent in the March quarter. It was at Rs 599.78 crore in the corresponding period a year ago.

Commenting on the performance, JMD & CEO Manoj Tulsian said, "The growth in the plywood business for the fourth quarter was satisfactory in a challenging market scenario. Margins improved to 9.2% in Q4, FY25, despite higher brand promotion expenditure." In the MDF business, margins improved to 15% in Q4 FY25, he said.

However, for the 2024-25 financial year, Greenply Industries' profit was up 31.12% to Rs 91.72 crore.

Its consolidated revenue from operations for fiscal 2025 was at Rs 2,487.58 crore, up 14.11%.

Shares of Greenply Industries Ltd. on Monday settled at Rs 288.50, down 2.68% from its previous close.