Greenply Q4 profit jumps 86%, revenue hits record ₹776 cr; dividend declared

Leading plywood and laminates maker Greenply Industries Ltd on Tuesday (April 28) reported an 86.4% rise in its fourth quarter net profit at ₹30.7 crore compared with ₹16.5 crore in the year-ago period. This included an exceptional one-time item of ₹15.2 crore. For FY26, net profit was ₹89.8 crore, also influenced by an exceptional one-time item of ₹14.6 crore.

The company reported its highest consolidated quarterly revenue. Revenue for the quarter increased 19.6% to ₹776.2 crore from ₹648.8 crore in the year-ago period, along with consolidated revenue of ₹2,739 crore for FY26, a 10.1% increase.

EBITDA rose 37% to ₹93.2 crore in the March quarter, compared with ₹68.1 crore in the corresponding period last year, while FY26 core EBITDA stood at ₹270.5 crore, up 13.8%. The EBITDA margin stood at 12% versus 11% in the same quarter last year, while FY26 margin stood at 9.9%.

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Plywood segment

In the plywood segment, Q4 revenue rose 14.6% year-on-year to ₹588.5 crore, with volume growth of 15.6%. Core EBITDA stood at ₹61.2 crore with a margin of 10.4%, compared with 8.4% in the previous quarter. Net profit in the segment was ₹24.3 crore, with an exceptional one-time item of ₹15.2 crore. For FY26, plywood revenue rose 7.5% to ₹2,105.7 crore and net profit stood at ₹92.5 crore, including an exceptional one-time item of ₹19.9 crore.

MDF segment

In the MDF segment, Q4 revenue increased 39.6% year-on-year to ₹189.4 crore, supported by volume growth of 45.3%. Core EBITDA was ₹32.1 crore with a margin of 17%, compared with 10.1% in the previous quarter. Net profit stood at ₹13.5 crore. For FY26, MDF revenue rose 19.9% to ₹635.6 crore, with net profit at ₹17.9 crore.

The Greenply Samet joint venture reported Q4 revenue of ₹12.99 crore (100%) and a PAT loss share of ₹6.5 crore (50%). For FY26, JV revenue stood at ₹44.27 crore (100%), with a PAT loss share of ₹25.4 crore (50%).

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Sanidhya Mittal, JMD, Greenply Industries Ltd, said, "I am happy to share that Greenply Industries successfully delivered on its H2 FY26 guidance, achieving double-digit year-on-year growth in both volume and value across its business segments. In Q4 FY26, consolidated core EBITDA margins improved to 12%, reflecting a strong expansion of 330 basis points over the previous quarter.”

She added, “Q4FY26 marked the first fully operational quarter post expansion in our MDF business, enabling us to achieve a strong sales growth of 39.6% while delivering margins in line with our guidance. With operations now fully stabilised, we are confident in sustaining margins of 16%+ throughout the upcoming financial year."

The board of directors has recommended a final dividend of ₹0.50 per equity share of face value ₹1 each for the financial year ended March 31, 2026. The dividend will be paid within 15 days of approval by shareholders at the company’s forthcoming annual general meeting scheduled for August 25, 2026.

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Shares of Greenply Industries Ltd ended at ₹257.35, up by ₹9.85, or 3.98%, on the BSE today, April 28.