Q3-FY26 · Manuj Tandon
We are on track having delivered double-digit year-on-year growth in quarter 3 FY26 both in plywood and MDF.
Greenply Industries · tone and specificity signals across the available quarters.
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We are on track having delivered double-digit year-on-year growth in quarter 3 FY26 both in plywood and MDF.
With operations now fully stabilized and running efficiently, we expect a strong rebound and are confident of achieving our margin guidance in the coming quarters including quarter 4 FY26.
We are going to run our existing line in the future only to make thick boards and we're going to run the new line only to make thin boards. That way we'll be able to churn out maximum capacity from each line.
We have set a volume 10% growth target for plywood backed by our strong brand equity in MDF. We are capitalizing on rising demand and confident in delivering 25 to 30% volume growth despite the competitive landscape.
I think these margins are sustainable and you are absolutely right that this margin was achieved before the price rise.
With this all the potential liability on invested equity, corporate guarantees and other types of loan advances have been totally provided for in the books.