New Delhi, India — April 28, 2026
Leading plywood and MDF manufacturer Greenply Industries Limited reported a strong set of earnings for the fourth quarter of fiscal year 2025–26, delivering record revenue and a sharp rise in profitability.
The company’s net profit surged over 86% year-on-year to around ₹30.7–31 crore, compared with ₹16.6 crore in the same quarter last year, according to reported figures.
Record Revenue and Strong Operating Growth
Greenply posted its highest-ever quarterly revenue of ₹776.24 crore, marking a 19.6% increase year-on-year, driven by strong demand across product segments.
Operational performance also remained robust:
- EBITDA rose 37% to ₹93.2 crore
- EBITDA margin improved to around 12%, up from about 10.5–11% last year
The margin expansion reflects improved operational efficiency and cost management.
Segment Performance: MDF Leads Growth
The company saw strong performance across both its key segments:
- Plywood Business: Revenue increased 14.6% to ₹588.5 crore, supported by 15.6% volume growth
- MDF Business: Delivered standout performance, with revenue surging 39.6% to ₹189.4 crore
The MDF segment emerged as a key growth driver during the quarter.
Dividend Announcement
The board recommended a final dividend of ₹0.50 per equity share (50%) for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Market Reaction
Despite the strong results, shares of Greenply Industries declined. The stock fell 3.3% on the National Stock Exchange (NSE) to close at ₹256.70, although it touched an intraday high of ₹257.
Outlook
Greenply’s performance reflects strong demand in India’s housing and interior infrastructure sectors. With continued growth in MDF and steady plywood demand, the company is well-positioned to sustain momentum, though market sentiment may remain influenced by broader sector trends.
