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Yes Securities Report
Greenlam Industries Ltd. reported a steady revenue growth of 11.6%YoY and 3%QoQ.
Laminates revenue increased by 15.9%YoY and 4% QoQ wherein volumes de-grew by 11.5% YoY and remained flat as compared to previous quarter.
Realisation surged sharply by 29.7%YoY and 3% QoQ owing to price hikes taken by Greenlam Industries to mitigate the rise in input cost. Laminates Ebitda margins came in at 12.9% in Q4 FY22 as compared to 17.9%/13.3% in Q4 FY21/Q3 FY22 respectively.
During the quarter company had to operate at five‐days in a week from January 01‐Feb 04 due to National Capital Region air pollution issues, Commission of Air Quality Management, ordered restriction on operation of manufacturing units in the Behror region, post which the operated their plant for all seven‐days, this lead to production loss of 10‐days and Rs 250‐ 255 million of revenue.
Consequently, Greenlam Industries' margins and inventory management were impacted.
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