Greenply Industries Posts 86% Profit Surge

Greenply Industries announced a significant 86.4% increase in its fourth-quarter net profit, amounting to ₹30.7 crore compared to ₹16.5 crore in the same period last year. This included a one-time exceptional item of ₹15.2 crore. The company achieved its highest consolidated quarterly revenue, which grew by 19.6% to ₹776.2 crore. For the full financial year 2026, net profit was ₹89.8 crore.

The plywood segment reported a 14.6% year-on-year revenue increase to ₹588.5 crore, with net profit at ₹24.3 crore. The MDF segment saw a substantial 39.6% revenue jump to ₹189.4 crore, alongside a net profit of ₹13.5 crore. These results were bolstered by strong volume growth in both segments.

As of April 28, 2026, the board of directors has recommended a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. This dividend is set to be paid within 15 days of shareholder approval at the annual general meeting on August 25, 2026.

Sanidhya Mittal, JMD, expressed satisfaction with the company's performance, noting double-digit growth and improved EBITDA margins. The MDF business completed its first fully operational quarter post-expansion, with expectations to sustain margins above 16%.