Greenlane Renewables Inc. (GRN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day and welcome to the GreenLamb Industries Limited Q2 NHY FY26 results. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. I now hand the conference over to Mr. Saurav Mittal, Managing Director and CEO of Greenland Industries Limited. Thank you, and over to you, sir. Thank you. Good afternoon, friends, and a very, very warm welcome to the quarterly calls of Greenland Mid-Assets Limited. And I'm pleased to have Ashok, our CFO, Samad from the finance team and SGA on this call. And I will discuss, take you through the performance and updates for the quarter. As you probably have seen, we've done about, we've crossed 800 crores of revenue in Q2 of 526. And the business has grown by about 18.7% on a year-on-year basis. And even at the gross margin levels, we've done about 54.6%. It's one of the highest we've done in terms of gross margins. EBITDA also, we crossed 100 crores. And obviously EBITDA was impacted due to Forex losses and still small losses in the chipboard and the plywood business. And PAC was impacted also due to the Forex and higher depreciation interest, considering the fact that we have plants capitalized in FY25 and FY24 and FY23. If you go segment-wise, in the laminates business, revenue, ...