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GREENPLY Diversified 13 May 2026

Greenply Industries Ltd — Q4 FY26

Greenply delivered a strong Q4 FY26 with consolidated revenue of ₹776.2 crore (+19.6% YoY) and core EBITDA margin of 12% (+150 bps YoY), driven by record MDF volumes (62,000 CBM...

bullish high
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Revenue ₹776 Cr +19.6%
EBITDA ₹93 Cr
PAT ₹31 Cr
EBITDA Margin 12% +150bps
Duration 60 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Raw material cost volatility

Chemical prices surged over 50% due to geopolitical issues, impacting MDF costs. While stabilized, further increases could pressure margins.

high · management_commentary
R

Income tax investigation

A search operation was conducted by income tax authorities; no demand has been raised yet, but uncertainty remains.

medium · management_commentary
R

Furniture JV losses

The furniture and fittings JV reported a PAT loss of ₹13 crore in Q4, with break-even expected only by mid-FY28.

medium · data_observation
R

Receivable days increase

Receivable days rose from 47 to 54 due to growing OEM business, which may pressure working capital if not managed.

low · analyst_question