Greenlam Industries Ltd

📊 Greenlam Q3FY26: Revenue Up 17.3% to ₹706.3 Cr, Margins Mixed

• Q3FY26 revenue: ₹706.3 crores, up 17.3% YoY

• Gross profit: ₹392.5 crores, up 18.6% with margin expanding to 55.6%

• EBITDA before forex/exceptional items: ₹65.2 crores (flat YoY), margin at 9.2%

• Net loss: ₹0.6 crores due to higher costs and forex fluctuations

• Laminates & Allied: Revenue ₹562.0 crores (+8.1% YoY), EBITDA margin improved to 14.5%

• Plywood & Allied: Revenue ₹90.1 crores (+9.5% YoY), EBITDA negative ₹-13.3 crores

• Panel & Allied: Revenue ₹54.2 crores, EBITDA negative ₹-3.2 crores

• Net debt: ₹1010.1 crores as of Dec 2025

• Working capital improved by 9 days to 58 days YoY

• Rebranded 'NewMika' to 'Mikasa Laminates'

• Recognized as India's Largest Exporter of Laminates for 16th consecutive year

• Launched new High Moisture Resistant (HMR) chipboard product