Investor Presentation

HAR ZARURAT KA REPLY Greenply/2026-27 October 29, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai -400 001 Mumbai -400 051 Scrip Code: 526797 Symbol -GREENPLY Dear Sir/Madam, Sub: Presentation on un-audited financial results for the quarter and half year ended 30th September, 2026 With reference to the captioned subject, please find enclosed Presentation on un-audited financial results of Green ply Industries Limited for the quarter and half year ended 30.09.2026. Thanking you, Yours faithfully, For GREEN PLY INDUSTRIES LIMITED KAUSHAL KUMAR AGARWAL COMPANY SECRETARY & VICE PRESIDENT-LEGAL Encl.: As above Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India ANALYST PRESENTATION Q2 & H1 FY2027 29 October 2026 Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Important developments that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations. All industry data has been collated from various industry sources and market reports. The said data is believed to have a reasonable level of accuracy. Greenply Industries Limited (GIL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. ❖ Key Highlights Financial & Operating Performance C O N T E N T S Corporate Overview Marketing Activities KEY HIGHLIGHTS Key results highlights- Consolidated Figures in Rs crs % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Revenue 799.7 688.6 16.1% 724.9 10.3% 1,524.6 1,289.4 18.2% Core EBITDA 89.2 56.8 57.2% 78.3 14.0% 167.5 118.4 41.5% Core EBITDA % 11.2% 8.2% + 300 bps 10.8% +40 bps 11.0% 9.2% + 180 bps Other income 3.5 1.8 99.1% 1.8 91.9% 5.3 14.9 -64.4% Share of (loss) of equity accounted -6.3 -5.9 -7.5% -5.7 -10.2% -12.1 -15.0 19.7% Investees Foreign exchange gain/(loss) as an -0.8 -3.8 78.9% 0.7 211.7% -0.1 -12.7 99.3% adjustment to finance cost Depreciation & Finance cost -28.7 -25.5 12.5% -25.6 11.8% -54.3 -50.5 7.6% Profit Before Tax & Exceptional 56.9 23.3 144.1% 49.5 15.1% 106.4 55.1 93.2% Items Exceptional Items – Gain/(Loss) * - - - - 4.4 Profit Before Tax 56.9 23.3 144.1% 49.5 15.1% 106.4 59.5 78.8% Tax -14.2 -7.3 93.5% -11.8 19.7% -26.0 -15.0 72.9% Profit After Tax 42.7 16.0 167.3% 37.6 13.6% 80.3 44.4 80.8% * Exceptional items is one time gain on sale of 30% stake in GMEL in Q1 FY’26. Details of Share of (loss) of equity accounted investees, Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Net of Tax Greenply Samet JV -6.3 -5.9 -5.7 -12.1 -11.3 GMEL , Dubai -3.6 Greenply Holdings, Singapore -0.0 -0.1 Total -6.3 -5.9 -5.7 -12.1 -15.0 6 Key results highlights- Consolidated Change Change Consolidated Debt position (Rs/Crores) Sept’26 June’26 Sept’25 Q-o-Q Y-o-Y Ply Business 176 180 -3 110 66 MDF Business 401 374 26 406 -5 Total Gross Debt 577 554 23 516 62 Net Debt 544 533 11 510 34 Equity 969 932 36 847 122 Net D/E (Times) 0.56 0.57 0.60 Working Capital (Days) # 43 42 1 51 -8 #Working capital days are calculated on annualised basis. Excluding inter-corporate debt Key results highlights – India Ply business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 23.0 21.7 6.1% 19.4 18.6% 42.40 38.84 9.2% Realisation (Rs/Sqm) 264 242 9.0% 265 -0.3% 264 248 6.6% Revenue Plywood & Allied products 606.8 524.8 15.6% 513.2 18.2% 1,120.0 962.2 16.4% Revenue Other products* 18.9 17.0 11.4% 13.4 41.2% 32.2 33.4 -3.4% Revenue (Rs Crs) 625.7 541.7 15.5% 526.6 18.8% 1,152.3 995.5 15.7% Core EBITDA (Rs Crs) 62.9 44.6 40.8% 44.5 41.4% 107.3 80.6 33.1% Core EBITDA % 10.05% 8.24% +180 bps 8.44% +160bps 9.31% 8.10% +120 bps Reported PAT (Rs Crs) 38.1 25.9 46.9% 26.6 43.0% 64.7 46.4 39.4% *Other products include Wallcovers, Veneers & Misc sales Key results highlights – India MDF business MDF Business % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y Sales Volume (CBM) 54,605 47,018 16.1% 57,805 -5.5% 1,12,411 93,368 20.4% Realisation (Rs/CBM) 31,816 31,161 2.1% 33,525 -5.1% 32,694 31,460 3.9% Revenue (Rs Crs) MDF & Allied 173.7 146.5 18.6% 193.8 -10.4% 367.5 293.7 25.1% Revenue (Rs Crs) Misc 0.2 0.3 -49.5% 1.9 -91.2% 2.0 0.4 363.7% Revenue (Rs Crs) Total 173.9 146.8 18.4% 195.7 -11.1% 369.6 294.2 25.6% Core EBITDA (Rs Crs) 26.4 12.1 117.7% 33.9 -22.1% 60.2 37.7 59.7% Core EBITDA (%) 15.2% 8.3% +690 bps 17.3% -210bps 16.3% 12.8% +350bps PAT without Forex (Rs Crs) 12.0 -0.2 16.1 -25.5% 28.0 16.7 67.8% Forex Gain/(Loss) on borrowings -0.81 -3.8 -78.9% 0.7 -211.7% -0.09 -12.7 -99.3% Reported PAT (Rs Crs) 11.2 -4.0 -377.0% 16.8 -33.5% 28.0 4.0 599.0% MDF Revenue breakup by category % Change % Change % Change Particulars Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Y-o-Y Q-o-Q Y-o-Y MDF Boards 142.4 119.1 19.6% 150.9 -5.6% 293.3 239.7 22.4% Pre- Lam Boards 31.3 27.4 14.2% 42.9 -27.0% 74.2 54.0 37.4% Total (Rs Crs) 173.7 146.5 18.6% 193.8 -10.4% 367.5 293.7 25.1% FINANCIAL & OPERATING PERFORMANCE Consolidated P&L –Q2 FY27 Revenue growth of 16.1% YoY Revenue-Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 16.1% 28.3% 700 10.3% 8.3% 600 400 42.5% 41.7% 50.0% 37.7% 500 300 40.0% 400 689 725 250 30.0% 300 150 260 308 334 20.0% 10.0% 200 50 0 0.0% Q2FY26 Q1 FY27 Q2 FY27 Q2FY26 Q1 FY27 Q2 FY27 Core EBITDA- Rs. Crores, Margin % PAT - Rs. Crores, Margin % 57.2% % 167.3% 14.0% 13.6% 100 10.8% 11.2% 12.0% 40 5.3% 6.0% 5.2% 8.2% 10.0% 5.0% 8.0% 4.0% 60 25 6.0% 20 43 3.0% 40 78 89 15 2.3% 38 4.0% 2.0% 20 2.0% 16 1.0% 0 0.0% 0 0.0% Q2FY26 Q1 FY27 Q2 FY27 Q2FY26 Q1 FY27 Q2 FY27 Consolidated P&L –H1 FY27 Revenue growth of 18.2% YoY Revenue-Rs. Crores Sales Minus COGS - Rs. Crores, Margin % 18.2% 24.1% 800 50.0% 42.1% 2,000 40.1% 1,525 40.0% 1,500 1,289 30.0% 1,000 642 20.0% 500 200 10.0% - 0 0.0% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Core EBITDA- Rs. Crores, Margin % PAT - Rs. Crores, Margin % 41.5% 80.8% 200 12.0% 5.3% 11.0% 10.0% 100 6.0% 9.2% 8.0% 80 3.4% 4.0% 100 6.0% 60 4.0% 40 80 118 2.0% 2.0% 20 44 0 0.0% 0 0.0% H1 FY26 H1 FY27 H1 FY26 H1 FY27 Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 400 51 60 500 100 450 100 42 43 50 400 80 350 80 40 300 250 300 46 48 60 52 47 50 60 200 30 200 40 200 150 40 20 150 10 100 20 100 20 50 355 337 368 399 363 405 50 368 377 422 0 0 0 0 Sep-25 June-26 Sep-26 Sep-25 June-26 Sep-26 Sep-25 June-26 Sep-2 [Showing first 8,000 characters — download PDF for full document]