Integrated Filing — IndAS



General information about company

Scrip Code 538979
NSE Symbol GREENLAM
MSEI Symbol NOTLISTED
ISIN INE544R01021
Name of company GREENLAM INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 08-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 08-11-2025   15:30:00
End date and time of board meeting 08-11-2025   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 30-01-2025
Indicate Company website link for updated RPT policy of the Company https://www.greenlamindustries.com/investor/company-policy.html
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 65,297.00 1,21,045.00
Other income 432.00 1,027.00
Total income 65,729.00 1,22,072.00
2 Expenses
(a) Cost of materials consumed 30,083.00 56,676.00
(b) Purchases of stock-in-trade 2,651.00 5,256.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (933.00) (2,168.00)
(d) Employee benefit expense 10,998.00 21,815.00
(e) Finance costs 1,035.00 2,146.00
(f) Depreciation, depletion and amortisation expense 2,008.00 4,007.00
(f) Other Expenses
1 Other Expenses 13,738.00 24,896.00
Total other expenses 13,738.00 24,896.00
Total expenses 59,580.00 1,12,628.00
3 Total profit before exceptional items and tax 6,149.00 9,444.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 6,149.00 9,444.00
6 Tax expense
7 Current tax 1,661.00 2,561.00
8 Deferred tax (101.00) (177.00)
9 Total tax expenses 1,560.00 2,384.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,589.00 7,060.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,589.00 7,060.00
17 Other comprehensive income net of taxes 73.00 36.00
18 Total Comprehensive Income for the period 4,662.00 7,096.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,551.00 2,551.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.8 2.77
Diluted earnings (loss) per share from continuing operations 1.8 2.77
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.8 2.77
Diluted earnings (loss) per share from continuing and discontinued operations 1.8 2.77
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 57,894.00
Capital work-in-progress 978.00
Investment property 192.00
Goodwill 0.00
Other intangible assets 580.00
Intangible assets under development 123.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 79,652.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 1,163.00
Total non-current financial assets 80,815.00
Deferred tax assets (net) 0.00
Other non-current assets 140.00
Total non-current assets 1,40,722.00
2 Current assets
Inventories 48,012.00
Current financial asset
Current investments 4,054.00
Trade receivables, current 20,347.00
Cash and cash equivalents 1,059.00
Bank balance other than cash and cash equivalents 11.00
Loans, current 95.00
Other current financial assets 157.00
Total current financial assets 25,723.00
Current tax assets (net) 0.00
Other current assets 6,867.00
Total current assets 80,602.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,21,324.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,551.00
Other equity 1,17,235.00
Total equity attributable to owners of parent 1,19,786.00
Non controlling interest
Total equity 1,19,786.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 16,457.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 7,009.00
Total non-current financial liabilities 23,466.00
Provisions, non-current 1,804.00
Deferred tax liabilities (net) 525.00
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 25,795.00
Current liabilities
Current financial liabilities
Borrowings, current 27,500.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,310.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 38,715.00
Total Trade payable 40,025.00
Other current financial liabilities 4,369.00
Total current financial liabilities 71,894.00
Other current liabilities 3,266.00
Provisions, current 463.00
Current tax liabilities (Net) 120.00
Deferred government grants, Current 0.00
Total current liabilities 75,743.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,01,538.00
Total equity and liabilites 2,21,324.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Laminates & Allied Products 55,050.00 1,02,010.00
2 Plywood & Allied Products 10,247.00 19,035.00
Total Segment Revenue 65,297.00 1,21,045.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 65,297.00 1,21,045.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Laminates & Allied Products 11,580.00 20,877.00
2 Plywood & Allied Products (379.00) (1,002.00)
Total Profit before tax 11,201.00 19,875.00
i. Finance cost 1,035.00 2,146.00
ii. Other Unallocable Expenditure net off Unallocable income 4,017.00 8,285.00
Profit before tax 6,149.00 9,444.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Laminates & Allied Products 86,700.00 86,700.00
2 Plywood & Allied Products 41,593.00 41,593.00
Total Segment Asset 1,28,293.00 1,28,293.00
Un-allocable Assets 93,031.00 93,031.00
Net Segment Asset 2,21,324.00 2,21,324.00
4 Segment Liabilities
Segment Liabilities
1 Laminates & Allied Products 46,133.00 46,133.00
2 Plywood & Allied Products 7,396.00 7,396.00
Total Segment Liabilities 53,529.00 53,529.00
Un-allocable Liabilities 3,526.00 3,526.00
Net Segment Liabilities 57,055.00 57,055.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 9800000 4800000
Total Amount of items that will not be reclassified to profit and loss 98.00 48.00
2 Income tax relating to items that will not be reclassified to profit or loss 25.00 12.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 73.00 36.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 9,444.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,146.00
Adjustments for decrease (increase) in inventories 231.00
Adjustments for decrease (increase) in trade receivables, current (4,448.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (130.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,312.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 4,007.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 59.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (146.00)
Adjustments for dividend income 0.00
Adjustments for interest income 4.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (132.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (42.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 6,853.00
Net cash flows from (used in) operations 16,297.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,871.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 14,426.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 130.00
Other cash payments to acquire equity or debt instruments of other entities 7,522.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 218.00
Purchase of property, plant and equipment 2,448.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 4.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (9,618.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 1,818.00
Payments of lease liabilities 802.00
Dividends paid 1,021.00
Interest paid 2,082.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (5,723.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (915.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (915.00)
Cash and cash equivalents cash flow statement at beginning of period 1,974.00
Cash and cash equivalents cash flow statement at end of period 1,059.00





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Greenlam Industries Limited Saurabh Mittal Managing Director & CEO Remuneration 500.00 NA 132.00 0.00 0.00
2 Greenlam Industries Limited Parul Mittal Whole-Time Director Remuneration 500.00 NA 100.00 0.00 0.00
3 Greenlam Industries Limited Shiv Prakash Mittal Non-Executive Chairman Any other transaction Sitting fees 2.00 NA 2.00 0.00 0.00
4 Greenlam Industries Limited Greenpanel Industries Limited Management Personnel or their relatives Purchase of goods or services 1,000.00 NA 90.00 7.00 49.00
5 Greenlam Industries Limited Greenply Industries Limited Management Personnel or their relatives Sale of goods or services 500.00 NA 5.00 0.00 0.00
6 Greenlam Industries Limited Seema Realcon Private Limited Management Personnel or their relatives Sale of goods or services 15,900.00 NA 4,257.00 105.00 145.00
7 Greenlam Industries Limited Seema Realcon Private Limited Management Personnel or their relatives Any other transaction Clearing & Forwarding Agent & Other Charges 100.00 NA 15.00 0.00 0.00
8 Greenlam Industries Limited Greenlam Limited Wholly Owned Subsidiary Investment 1,10,000.00 NA 8,970.00 0.00 0.00
9 Greenlam Industries Limited Greenlam Limited Wholly Owned Subsidiary Purchase of goods or services 40,000.00 NA 7,321.00 1,342.00 532.00
10 Greenlam Industries Limited Greenlam Limited Wholly Owned Subsidiary Sale of goods or services 10,000.00 NA 779.00 242.00 471.00
11 Greenlam Industries Limited Greenlam Overseas Bengal Limited Subsidiary Investment NA 0.00 0.00 0.00
12 Greenlam Industries Limited Greenlam Limited Wholly Owned Subsidiary Any other transaction Recovery of IT & Support Services 1,000.00 NA 122.00 0.00 0.00
13 Greenlam Industries Limited Greenlam Limited Wholly Owned Subsidiary Any other transaction Recovery Expenses of KMP salary 500.00 NA 38.00 0.00 0.00
14 Greenlam Industries Limited Greenlam Asia Pacific Pte. Ltd; Singapore Wholly Owned Subsidiary Sale of goods or services 15,000.00 NA 4,871.00 984.00 2,260.00
15 Greenlam Industries Limited Greenlam America Inc., USA Wholly Owned Subsidiary Sale of goods or services 15,000.00 NA 5,549.00 223.00 6.00
16 Greenlam Industries Limited Greenlam Europe (UK) Ltd. Wholly Owned Subsidiary Sale of goods or services 20,000.00 NA 7,811.00 9.00 932.00
17 Greenlam Industries Limited Greenlam Decolan SA, Switzerland Wholly Owned Subsidiary Sale of goods or services 10,000.00 NA 3,311.00 4,484.00 3,560.00
18 Greenlam Industries Limited Greenlam GMBH, Germany Wholly Owned Subsidiary Sale of goods or services NA 1,324.00 0.00 1,324.00
19 Greenlam Industries Limited Greenlam Russia LLC, Russia Wholly Owned Subsidiary Any other transaction Reimbursement of Expenses 500.00 NA 56.00 4.00 79.00
20 Greenlam Industries Limited Greenlam Poland SP. Z.O.O, Poland Wholly Owned Subsidiary Any other transaction Reimbursement of Expenses 500.00 NA 106.00 77.00 91.00
21 Greenlam Europe (UK) Ltd. Vaibhav Sharma Director Any other transaction Reimbursement of expenses NA 16.00 0.00 5.00
22 Greenlam Limited Greenlam Decolan SA Wholly Owned Subsidiary Sale of goods or services NA 3,123.00 1,977.00 2,936.00
23 Greenlam Limited Greenlam Asia Pacific Pte. Ltd; Singapore Wholly Owned Subsidiary Sale of goods or services NA 4,416.00 785.00 1,574.00
24 Greenlam Limited Greenlam America Inc., USA Wholly Owned Subsidiary Sale of goods or services NA 146.00 0.00 0.00
25 Greenlam Limited Greenlam GMBH, Germany Wholly Owned Subsidiary Sale of goods or services NA 1,194.00 0.00 1,194.00
26 Greenlam Limited Greenpanel Industries Limited Management Personnel or their relatives Sale of goods or services NA 14.00 0.00 0.00
27 Greenlam Limited Greenpanel Industries Limited Management Personnel or their relatives Purchase of goods or services NA 8.00 0.00 3.00
28 Greenlam Decolan SA Giovanni lurza Director & CEO Any other transaction Rent Charge NA 35.00 16.00 0.00
29 Greenlam Decolan SA Greenlam Asia Pacific Pte. Ltd; Singapore Holding Company Investment NA 584.00 0.00 0.00
30 Greenlam Decolan SA Greenlam Industries Limited Ultimate Holding Company Any other transaction Purchase of IT services 25.00 NA 8.00 0.00 (4.00)
31 Greenlam Asia Pacific Pte. Ltd; Singapore Greenlam Asia Pacific (Thailand) Co Ltd. Subsidiary Sale of goods or services 15,000.00 NA 3,249.00 689.00 942.00
32 Greenlam Asia Pacific Pte. Ltd; Singapore PT Greenlam Asia Pacific Subsidiary Any other transaction Marketing job work/expenses 50.00 NA 44.00 170.00 169.00
33 Greenlam Asia Pacific Pte. Ltd; Singapore PT Greenlam Indo Pacific Subsidiary Sale of goods or services 1,500.00 NA 127.00 731.00 719.00
34 Greenlam Asia Pacific Pte. Ltd; Singapore Greenlam Industries SDN. BHD Subsidiary Sale of goods or services NA 468.00 582.00 1,332.00
35 Greenlam Asia Pacific Pte. Ltd; Singapore Greenlam Industries SDN. BHD Subsidiary Purchase of goods or services NA 33.00 0.00 6.00
Total value of transaction during the reporting period 58,324.00