Greenply Inds Latest Updates

Financial Performance (Q2 FY2026) Greenply Industries reported consolidated revenue of ₹688.6 crore for the quarter ended September 2025, which reflects a 7.5% year-on-year (YoY) growth. However, the company's net profit for the quarter declined by approximately 9.25% YoY to ₹16.00 crore. In terms of core segments, the Plywood business volume grew by 7.2% YoY, while the MDF business saw its revenue grow by 16.1% YoY to ₹146.8 crore. Major Capacity Expansion Plans (Capex) The company has announced a significant capital expenditure (Capex) plan of approximately ₹800 crore over the next two to three years. This major investment includes setting up a new greenfield plywood plant in Odisha (estimated ₹150 crore) and building a new MDF plant (estimated ₹400-500 crore). This expansion is aimed at increasing the company's plywood manufacturing capacity by roughly 25%. MDF Business and Operational Efficiency Greenply successfully enhanced the production capacity of its Vadodara Medium Density Fibreboard (MDF) plant by 25%, increasing daily output from 800 CBM to 1,000 CBM. The core EBITDA margin for the MDF segment in Q2 FY2026 was 8.3%, which was temporarily impacted by factors related to the expansion-related shutdown and the liquidation of older inventory. Corporate Governance and Shareholding The company's Board is seeking shareholder approval for the re-appointment of Mr. Rajesh Mittal as Chairman cum Managing Director for a further five-year term, effective from January 1, 2026. Furthermore, the Promoter Group has recently increased its stake in the company through open market acquisitions in December 2025, raising its total shareholding to over 51.7%.