Q2 2025 Greenply Industries Ltd Earnings Call Transcript
Key Points
- Greenply Industries Ltd (BOM:526797) achieved a consolidated revenue of INR 640 crore during the quarter, marking a growth of 12.8% year-over-year.
- The company's consolidated EBITDA for the quarter was INR 58 crore, reflecting a growth of 19.6% year-over-year.
- The EBITDA margin improved to 9% from 8.5% in the same quarter last year.
- The Plywood business saw a volume growth of 5.9% year-over-year and a value growth of 7.5%.
- Greenply Industries Ltd (BOM:526797) maintained a guidance of 8 to 10% growth on a full-year basis for its Plywood business.
- The profit after tax for the quarter was negatively impacted by a forex loss of INR 4.6 crore due to the appreciation of the Euro.
- The MDF business faced a decline in EBITDA margins to 11.8% from 16.6% in the previous quarter, attributed to lower sales and increased costs.
- The company experienced a seven-day plant shutdown in September, affecting MDF revenue.
- The furniture and fittings joint venture faced delays, impacting revenue scale-up and resulting in a share of loss amounting to INR 3.5 crore.
- Greenply Industries Ltd (BOM:526797) anticipates an increase in debt levels due to large procurement of imported raw materials and upcoming Capex.
Ladies and gentlemen, good day and welcome to Greenply Industries Limited Q2 FY25 earnings conference call hosted by Asian Market Securities.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. Actual results may differ from such expectations, projections etc. Whether expressed or implied. Participants are requested to exercise caution while referring to such statements and remarks. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
(Operator instructions) Please note that this conference is being recorded.
I now hand the conference over Mr. Karan Batalla from Asian Market securities.
Thank you and over to Mr. Batalla.
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