Greenlam Industries Ltd Q4FY25 Consolidated Results

• Greenlam reported consolidated net revenues of Rs. 681.8 crore for Q4FY25, up 9.2% YoY and 1.8% above our estimates. Its Laminates, Veneers, and Plywood segments grew by 7.2%, 2.6%, and 47% YoY, respectively, in Q4FY25.
• The operating profit margin stood at 9.4%, down 400 bps YoY and below our estimate of 12.2%.
• Net profit was Rs. 2.1 crore in Q4FY25, down 94.9% YoY and below our estimates by 91.0%.
• We will provide a detailed update following our discussion with management. 

Results (Consolidated)                                                                     Rs cr.

 Actual vs. Estimates                                     Rs cr.