Greenlam Industries Ltd - 538979 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Please find enclosed herewith proceedings of 10th Annual General Meeting of the Company held on August 04, 2023.04-08-2023
04-08-2023
Reduce Greenlam Industries; target of Rs 425: HDFC Securities
HDFC Securities recommended reduce rating on Greenlam Industries with a target price of Rs 425 in its research report dated July 28, 2023.03-08-2023
Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Please find enclosed the Audio Recording of Earning Call held on July 28, 2023.30-07-2023
Q1FY24 Quarterly Result Announced for Greenlam Industries Ltd.
Furniture-Furnishing Paints company Greenlam Industries announced Q1FY24 results: Net revenues reported at Rs 515.2 crore, a growth of 9.5% on a YoY basis Overall laminate business grew by 9.7% in value terms and 5.8% in volume terms on a YoY basis EBIDTA reported at Rs 64.4 crore, a growth of 27.8% on a YoY basis Net Profit reported at Rs 32.2 crore, a growth of 31.2% on a YoY basis Working capital stood at 72 days improvement of 5 days on a YoY basis Speaking about the results Saurabh Mittal, Managing Director, and Chief Executive Officer, Greenlam Industries said, “The first quarter of 2023-24 witnessed continued momentum with revenue growth of 9.5% on a YoY basis. The quarter saw the highest laminate production of 4.68 million sheets. However, the export sales growth was impacted due to a disturbance in port operations for 10 days, which was caused by cyclone conditions. The overall volume growth for the laminate business stood at 5.8% on a YoY basis. Our gross margins for the quarter stood at 52.3% as compared to 45.0% in the same quarter of last year. Our EBIDTA margins improved to 12.5% in the quarter. Our disciplined commercial practices resulted in the improvement of our net working capital days by 5 days to 72 days in Q1FY24 as compared to 77 days in Q1FY23. It also takes into account the impact of inventory buildup in our new projects. Our net debt stood at Rs 521.7 crore which includes product debt of Rs 422.3 crore. In this quarter, we entered the Plywood business in South India marketed under the brand name MikasaPly “The No Nonsense Ply” at Tindivanam, Tamil Nadu. This state-of-the-art facility spans over 17 acres and has an annual production capacity of 18.9 million square meters per annum, which has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore approx. till the commencement of commercial production. Currently, the plant is in stabilization mode, and we expect to ramp up production soon. The greenfield laminate plant and particle board plant at Naidupeta, Andhra Pradesh are expected to start production by Q2FY24 and Q4FY24 respectively. We remain committed to the successful completion of our projects. We continue to be committed to redefining interior spaces with superior quality products and innovation in technology to bring the latest trends in home décor to our customers” Result PDF28-07-2023
Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith Investors Presentation for Q1 FY 2024.27-07-2023
Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith the Press Release for Q1 FY2024.27-07-2023
Greenlam Industries Ltd - 538979 - Board Meeting Outcome for Outcome Of Board Meeting Dated July 27, 2023
Please find enclosed herewith Outcome of Board Meeting dated July 27, 202327-07-2023
Greenlam Industries Ltd - 538979 - Un-Audited Financial Results For The Quarter Ended June 30, 2023
Please find enclosed herewith the un-audited (standalone and consolidated) financial results for the quarter ended June 30, 2023.27-07-2023
Greenlam Industries Ltd - 538979 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith Compliance Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 2023.22-07-2023
Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the schedule of Earnings Call to discuss the operational and financial performance for Q1 FY24 with Investors & Analysts of the Company.21-07-2023