Greenlam Q1FY27 Revenue Surges 18.2% to ₹796.7 Cr, PAT Turns Positive at ₹21.2 Cr
Greenlam Industries reported Q1FY27 revenue of ₹796.7 Cr, up 18.2% YoY. Chipboard revenue surged 205.2% to ₹94.6 Cr. Net profit turned positive at ₹21.2 Cr from a loss of ₹15.7 Cr in Q1FY26. EBITDA margin expanded by 210 bps. Net debt was ₹933.7 Cr.
The substantial revenue growth, positive net profit turnaround, and improved segment performance like the chipboard business are significant positive developments for the company.
The company reported strong revenue growth, a significant turnaround in net profit from a loss to a profit, and expansion in EBITDA margins, indicating improved financial performance.
Greenlam Industries Limited has announced its financial results for the first quarter ended June 30, 2026 (Q1FY27), reporting a significant year-on-year revenue growth of 18.2% to ₹796.7 crores. This growth was broad-based across segments, with the exception of the engineered door business, and was driven by momentum in both domestic and international markets.
The company faced turbulence due to geopolitical matters, including the Middle East war, which led to fluctuations in crude prices and currency rates, substantially increasing freight costs and causing delays in container availability. This resulted in the postponement of exports worth approximately ₹27 crores.
A key highlight is the chipboard facility, which continued to gain traction, recording a revenue of ₹94.6 crores, a YoY growth of 205.2% and a QoQ growth of 18.5%. The chipboard business also turned profitable in the current quarter with a pre-forex EBITDA of ₹3.4 crores.
Gross profit for the quarter grew by 17.9% to ₹421.4 crores, with gross margins declining slightly by 20 bps YoY to 52.9%. EBITDA, prior to forex fluctuations, grew by 48.2% to ₹81.1 crores, and EBITDA margins expanded by 210 bps YoY to 10.2%, attributed to revenue growth, cost controls, and operating profit in decorative veneer, engineered floor, and chipboard segments.
The company reported a net profit of ₹21.2 crores for the quarter, a significant turnaround from a net loss of ₹15.7 crores in Q1FY26. 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 crores.
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