Greenlam Q2 FY27: Chipboard posts second straight operating profit; gross margin falls 310 bps
Chipboard business posted a second straight quarter of operating profit on Q2 FY27 revenue of ₹107.0 crore.
By ScoutQuest · · 1 min read
- Chipboard Q2 FY27 revenue
- ₹107.0 crore
- Gross margin
- fell 310 bps to 51.5%
- Net debt
- ₹921.8 crore as of September 30, 2026
- Release
- Results press release
- Period
- Q2 FY27
_Consolidated · Q2 FY27_
📊 The chipboard business reported Q2 FY27 revenue of ₹107.0 crore and pre-forex operating profit of ₹8.7 crore, its second consecutive quarter of operating profitability, the company says.
📉 Gross margin for Q2 FY27 fell 310 bps to 51.5% on fluctuations in raw material prices and a change in product mix, and EBITDA before forex impact and exceptional items fell 19.0% to ₹86.5 crore.
📈 The Plywood & Allied business reported significantly reduced losses of ₹1.4 crore in Q2 FY27, with topline growing 7.5% YoY to ₹110.2 crore, the company says.
💰 Net debt stood at ₹921.8 crore as of September 30, 2026, with net working capital at 53 days.
🌍 The export business faced elevated ocean freight costs and shipment delays, which affected schedules and the international business in Q2 FY27.
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More numbers
- Net sales, Q2 FY27₹875.2 crore
- Profit before tax, Q2 FY2736.3 (₹ in crore)
- Profit after tax, Q2 FY27₹24.5 crore
- Basic EPS, Q2 FY270.96 (₹)
- EBITDA before forex impact and exceptional items, Q2 FY27₹86.5 crore
- Gross margin, Q2 FY2751.5%
- Net debt, as of September 30, 2026₹921.8 crore
- Net working capital, Q2 FY2753 days
- Chipboard business revenue, Q2 FY27₹107.0 crore
- Chipboard pre-forex operating profit, Q2 FY27₹8.7 crore
- Plywood & Allied revenue, Q2 FY27₹ 110.2 crores
- Plywood & Allied loss, Q2 FY27₹ 1.4 crores
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