Greenply Industries Reports Consolidated Revenue Of Rs 799.7 Crore In Q2 FY27
Kolkata, October 30, 2026: Plywood and MDF manufacturer Greenply Industries Limited reported a consolidated revenue of Rs 799.7 crore for the second quarter ended September 30, 2026, marking a 16.1 percent year-on-year increase, according to a press release.
The company achieved a core EBITDA of Rs 89.2 crore for the quarter, up 57.2 percent year-on-year, with an EBITDA margin of 11.2 percent. Consolidated net profit stood at Rs 42.7 crore. For the first half of FY27 (H1 FY27), consolidated revenue rose 18.2 percent year-on-year to Rs 1,524.6 crore, while net profit reached Rs 80.3 crore.
Segment-wise, the plywood business generated Rs 625.7 crore in revenue during Q2 FY27, representing a 15.5 percent increase compared to the same period last year, alongside a net profit of Rs 38.1 crore. Volume for the plywood segment grew by 6.1 percent year-on-year, with a core EBITDA margin of 10.05 percent. The MDF segment recorded a revenue of Rs 173.9 crore, up 18.4 percent year-on-year, with volume growing 16.1 percent and a net profit of Rs 11.2 crore. Additionally, the Greenply Samet joint venture reported a total revenue of Rs 14.08 crore, with Greenply’s share of net loss standing at Rs 6.3 crore for the quarter.
Commenting on the results, Sanidhya Mittal, Joint Managing Director, Greenply Industries Ltd., said: “The results for the first half are fully in line with our guidance, reflecting steady execution across our businesses. Going forward, we remain confident of sustaining our growth momentum across both Plywood and MDF. In Plywood, our focus on strengthening the premium category through product innovation and enhanced customer engagement is yielding encouraging results. In MDF, our emphasis on value-added products and an improved product mix is expected to support margin expansion. Together, these strategic priorities position us to drive sustainable revenue growth, improve profitability and deliver stronger bottom-line performance.”
He added: “I am proud to highlight that we achieved a major sustainability milestone with the Greenply VCS-validated agroforestry project in Gujarat and Nagaland. The initiative has already transformed over 2,300 hectares of under-utilized land and directly benefited more than 505 local farmers. Recognizing these carbon sequestration efforts, the company has been officially allotted 2,56,688 carbon credits.”
