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Home / Company Results / Greenfly Industries Reports 20.7% YoY Consolidated Revenue Growth in Q1 FY27 at Rs 724.9 Crore
RS · Company Results

Greenfly Industries Reports 20.7% YoY Consolidated Revenue Growth in Q1 FY27 at Rs 724.9 Crore

BY ADMIN • FILED 24 Jul 2026, 10:38 PM

Greenply Industries Limited, one of India’s leading manufacturers of plywood, MDF, and interior infrastructure products, reported strong financial performance for the quarter ended June 30, 2026 (Q1 FY27). The company delivered healthy revenue growth, improved operating margins, and solid profitability, supported by strong demand across both its plywood and Medium Density Fibreboard (MDF) businesses.

The quarter also reflected Greenply’s continued focus on sustainable growth, operational efficiency, and environmental initiatives.

Greenply Industries Q1 FY27 Financial Highlights

On a consolidated basis, Greenply Industries reported:

  • Revenue from Operations: ₹724.9 crore, up 20.7% year-on-year from ₹600.8 crore in Q1 FY26.
  • Core EBITDA: ₹78.3 crore, registering 27.1% YoY growth.
  • Core EBITDA Margin: Improved to 10.8%, expanding by 50 basis points over the previous year.
  • Profit After Tax (PAT): ₹37.6 crore during the quarter.

The strong performance was driven by higher sales volumes, improved realizations, and continued operational efficiencies across key business segments.

Plywood Business Posts Healthy Growth

The plywood division maintained strong momentum during the quarter.

Key Highlights

  • Revenue: ₹526.6 crore, up 16.0% year-on-year.
  • Sales Volume: Increased 13.8% year-on-year.
  • Average Realization: ₹265 per square metre.
  • Core EBITDA: ₹44.5 crore.
  • Core EBITDA Margin: Improved to 8.4%, expanding by 50 basis points.
  • Segment Net Profit: ₹26.6 crore.

Healthy demand and improved pricing supported continued growth in the company’s core plywood business.

MDF Business Continues to Outperform

Greenply’s Medium Density Fibreboard (MDF) segment remained the key growth driver during Q1 FY27.

Key Highlights

  • Revenue: ₹195.7 crore, registering 32.8% year-on-year growth.
  • Sales Volume: Increased 24.7% year-on-year.
  • Average Realization: ₹33,525 per cubic metre (CBM).
  • Core EBITDA (excluding forex loss): ₹33.9 crore.
  • Core EBITDA Margin: 17.3%.
  • Segment Net Profit: ₹16.8 crore.

The strong performance reflects rising demand for MDF products and improved operational efficiencies.

Joint Venture Performance

The company’s Greenply Same JV reported:

  • Revenue: ₹13.61 crore.
  • Greenply’s Share of PAT: Loss of ₹5.7 crore.

Management continues to monitor the performance of the joint venture while focusing on long-term value creation.

Sustainability Initiative

Commenting on the quarterly performance, Shobhan Mittal, Joint Managing Director of Greenply Industries Limited, said the company remains on track to achieve its growth targets for FY27.

He highlighted:

  • Strong momentum in the MDF business.
  • Steady growth in plywood volumes.
  • Continued focus on operational excellence.

The company also announced the permanent launch of its “One Sheet, One Tree” initiative, under which Greenply will plant one tree for every plywood sheet sold. The program reinforces the company’s commitment to environmental sustainability and responsible manufacturing.