Greenply Q2 FY27 Revenue Up 16.1% YoY to ₹799.7 Cr; Plywood & MDF Businesses Show Strong Growth
Greenply Industries reported Q2 FY27 consolidated revenue of ₹799.7 crore, a 16.1% YoY increase. Core EBITDA rose 57.2% to ₹89.2 crore. Plywood revenue grew 15.5% to ₹625.7 crore, and MDF revenue increased 18.4% to ₹173.9 crore. H1 FY27 consolidated revenue reached ₹1,524.6 crore.
The announcement details significant financial growth across key business segments and provides positive future outlook and sustainability achievements, which are material to investors.
The company reported strong year-on-year growth in revenue and EBITDA for both the quarter and half-year, driven by positive performance in its Plywood and MDF businesses. The management expressed confidence in future growth, and a significant sustainability milestone was highlighted.
Greenply Industries Limited announced its un-audited financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated revenue of ₹799.7 crore for Q2 FY27, marking a significant 16.1% year-on-year increase. Core EBITDA for the quarter stood at ₹89.2 crore, with margins at 11.2%, reflecting a substantial 57.2% YoY growth.
The Plywood business demonstrated robust performance, with revenue rising by 15.5% YoY to ₹625.7 crore. The core EBITDA for this segment was ₹62.9 crore, with margins improving by 180 basis points to 10.05%. Net profit for the Plywood business was ₹38.1 crore.
The MDF business also showed strong growth, with revenue increasing by 18.4% YoY to ₹173.9 crore. The core EBITDA for MDF, excluding forex impact, was ₹26.4 crore, achieving a healthy margin of 15.2%. Net profit in the MDF segment was ₹11.2 crore.
For the half-year ended September 30, 2026 (H1 FY27), Greenply Industries achieved a consolidated revenue of ₹1,524.6 crore, up 18.2% YoY. Consolidated core EBITDA was ₹167.5 crore with an 11.0% margin, and the net profit stood at ₹80.3 crore.
Mr. Sanidhya Mittal, JMD, expressed confidence in sustaining growth momentum, highlighting a focus on premium products and value-added offerings. He also noted a significant sustainability milestone with an agroforestry project that has generated 2,56,688 carbon credits, with plans to expand the green footprint to 12,000 hectares.
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