Standalone Revenue: ₹534.51 crore in Q3 FY2025 (YoY increase from ₹517.09 crore).
Standalone Net Profit: ₹19.46 crore in Q3 FY2025 (YoY decrease from ₹34.84 crore).
Consolidated Revenue: ₹602.04 crore in Q3 FY2025 (YoY increase from ₹563.37 crore).
Consolidated Net Profit: ₹12.54 crore in Q3 FY2025 (YoY decrease from ₹25.26 crore).
Expansion: New subsidiaries established in Egypt and Spain.
Operational Update: Greenfield project in Andhra Pradesh commenced production.
Financial Performance Overview
Standalone Financials (₹ in Crores)
Particulars
Q3 FY2025
Q2 FY2025
Q3 FY2024
9M FY2025
9M FY2024
Revenue from Operations
534.51
586.20
517.09
1646.46
1552.36
Total Income
537.36
591.62
523.81
1658.06
1569.00
Total Expenses
506.89
550.22
478.03
1555.93
1441.78
Profit Before Tax
30.47
41.40
45.78
102.13
127.23
Net Profit
19.46
30.42
34.84
73.10
95.81
Earnings Per Share (₹)
1.53
2.39
2.73
5.73
7.51
Consolidated Financials (₹ in Crores)
Particulars
Q3 FY2025
Q2 FY2025
Q3 FY2024
9M FY2025
9M FY2024
Revenue from Operations
602.04
680.81
563.37
1887.56
1682.26
Total Income
603.35
688.97
566.47
1900.16
1695.16
Total Expenses
582.02
641.72
531.03
1804.53
1563.37
Profit Before Tax
21.33
47.24
35.44
95.63
131.79
Net Profit
12.54
34.44
25.26
66.88
97.22
Earnings Per Share (₹)
0.98
2.70
1.98
5.24
7.62
Segment Performance (Standalone)
Segment
Revenue (₹ Crore)
YoY Growth
Laminates & Allied Products
452.22
(-0.33%)
Veneers & Allied Products
51.89
(+9.38%)
Plywood
30.40
(+90.51%)
The company’s plywood segment witnessed significant growth, while laminates & allied products saw marginal contraction.
Operational & Strategic Developments
Expansion into Egypt & Spain:
A wholly owned subsidiary, GRLAM Trading, was incorporated in Egypt on October 31, 2024.
Another subsidiary, Greenlam Industries S.L., was established in Spain on November 6, 2024.
Greenfield Project in Andhra Pradesh:
Commercial production commenced on January 23, 2025 for a particle board manufacturing plant with a capacity of 2,92,380 cubic meters per annum.
Management Commentary
Saurabh Mittal, Managing Director & CEO, stated: "Our consistent revenue growth is backed by robust demand for our products, particularly in the plywood segment. While net profit saw a temporary decline due to cost pressures, our expansion into Egypt and Spain, along with the operational launch of our greenfield project in Andhra Pradesh, positions us well for long-term growth."
Market Outlook
Laminates & Plywood Market Expansion: The company anticipates steady demand in the domestic and international markets.
Cost Management Measures: Greenlam is actively working on optimizing raw material procurement to mitigate rising input costs.
International Growth Strategy: Further penetration into European and Middle Eastern markets is a key focus.
Conclusion
Despite a temporary dip in net profit, Greenlam Industries Limited continues its growth trajectory, backed by strong revenue performance, strategic international expansions, and new production capabilities. The company's long-term outlook remains positive, with a focus on increasing market share and optimizing operational efficiencies.