Greenlam Q3FY26 Net Loss ₹0.6 Cr on ₹706.3 Cr Revenue, Up 17.3%
Greenlam Industries reported Q3FY26 consolidated net revenues of ₹706.3 Cr, up 17.3% YoY. The company incurred a net loss of ₹0.6 Cr, compared to a profit of ₹12.5 Cr in Q3FY25, due to higher operating costs and exceptional items. For 9MFY26, net revenues grew 15.9% to ₹2188.4 Cr, while net profit decreased to ₹15.5 Cr from ₹66.9 Cr.
The net loss in the current quarter, despite revenue growth, and a significant drop in net profit for the nine-month period suggest a material impact on the company's financial health and investor sentiment.
The company reported a net loss in the current quarter compared to a profit in the previous year, despite revenue growth. This indicates a negative financial performance for the quarter.
Greenlam Industries Limited announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025. For the third quarter ended December 31, 2025, consolidated net revenues from operations increased by 17.3% year-on-year to ₹706.3 crores, compared to ₹602.0 crores in the corresponding quarter of the previous financial year. The laminate business saw an overall value growth of 8.1% on a YoY basis. Gross margins improved by 60 basis points to 55.6%. However, the company recorded a net loss of ₹0.6 crores for Q3FY26, compared to a net profit of ₹12.5 crores in the corresponding quarter last year. This was attributed to higher operating costs, forex fluctuations, exceptional items (₹6.2 crores due to wage code impact), and higher interest and depreciation for the chipboard business.
For the nine-month period ended December 31, 2025, consolidated net revenues grew by 15.9% to ₹2188.4 crores, compared to ₹1887.6 crores in the corresponding period of the preceding financial year. Operating profit before forex fluctuations and exceptional items grew by 7.5% to ₹226.9 crores. The company recorded a net profit of ₹15.5 crores for 9MFY26, a decrease from ₹66.9 crores in 9MFY25, primarily due to the aforementioned reasons.
Mr. Saurabh Mittal, Managing Director and CEO, highlighted a steady performance with revenue growth driven by a resilient business model and diversified portfolio. The plywood & allied products segment registered a healthy 9.5% YoY growth, and the chipboard business showed an 11.4% sequential revenue growth. He also mentioned the streamlining of the brand architecture, with the rebranding of NewMika to Mikasa Laminates and Decowood Veneers to Mikasa Decowood Veneers, consolidating the surfacing and substrate portfolio under the unified "MIKASA" identity.
Greenlam was recognized as India's Largest Exporter of Laminates for the 16th consecutive year at the Plexconcil Export Awards 2025. The company maintains a strong focus on innovation, quality, and global excellence.
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