Greenlam Q1 FY27 Net Profit ₹21.2 Cr vs Loss ₹15.7 Cr; Revenue Up 18.2%
Greenlam Industries reported Q1 FY27 net profit of ₹21.2 Cr, a turnaround from a ₹15.7 Cr loss in Q1 FY26. Net revenues grew 18.2% YoY to ₹796.7 Cr. EBITDA increased 48.3% YoY to ₹81.1 Cr. The chipboard business turned EBITDA positive.
The substantial improvement in profitability from a net loss to a significant profit, along with robust revenue growth and positive EBITDA from a previously loss-making segment, is expected to have a high impact on investor sentiment and the company's valuation.
The company has reported a significant turnaround in net profit from a loss to a profit, coupled with strong revenue and EBITDA growth year-on-year, indicating a positive financial performance.
Greenlam Industries Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported a net profit of ₹21.2 crore for Q1 FY27, a significant turnaround from a net loss of ₹15.7 crore in the corresponding quarter of the previous financial year.
Consolidated net revenues from operations witnessed a growth of 18.2% year-on-year, reaching ₹796.7 crore compared to ₹673.8 crore in Q1 FY26. The laminate business saw an overall value growth of 7.4% on a YoY basis, with gross margins remaining flat at 52.9%. Gross profit grew by 17.9% YoY to ₹421.4 crore.
EBITDA before forex impact and exceptional items reported a growth of 48.3% YoY, standing at ₹81.1 crore, compared to ₹54.7 crore in Q1 FY26. The chipboard business turned EBITDA positive, reporting a profit of ₹3.4 crore in Q1 FY27, against an EBITDA loss in the previous year. The company's working capital days improved by 3 days to 56 days on a YoY basis. Net debt as of June 30, 2026, stood at ₹933.7 crore.
Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, stated that despite challenges like geopolitical issues, commodity price volatility, currency fluctuations, and logistics challenges, the company delivered steady performance. He highlighted the healthy 20.4% YoY growth in the plywood & allied products segment and the 205% YoY revenue growth in the chipboard business. Greenlam Industries remains focused on driving sustainable growth through operational excellence, innovation, and expanding market presence.
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