Greenlam Industries Ltd (GREENLAM) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company crossed 800 crores in revenue for Q2, marking an 18.7% year-on-year growth and a 20% sequential growth, demonstrating strong business momentum.
- Gross margins reached 54.6%, one of the highest achieved by the company, indicating improved profitability.
- EBITDA crossed 100 crores, though it was impacted by Forex losses, small losses in the chipboard and plywood businesses, higher depreciation, and interest due to capitalized plants in FY23, FY24, and FY25.
- Working capital days improved significantly to 47 days in Q2, down from 59 days in the previous year, despite higher working capital requirements in the nascent plywood and chipboard businesses.
- The company successfully reduced net debt by 45 crores in the quarter, with healthy cash flow from operations, reflecting prudent financial management.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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