Mumbai, May 23 -- The decline was primarily driven by lower revenue and weaker margins.
The subdued performance was primarily due to lower MDF volumes and a drop in realizations, impacting revenue and profitability. Segment-wise, MDF (Medium-Density Fibreboard) sales dropped 15.3% YoY to Rs 305.17 crore, while plywood sales declined 5.3% YoY to Rs 33.77 crore. MDF sales volumes fell 19.9% and plywood volumes declined 12% during the quarter.
Despite weaker volumes, the EBITDA margin improved to 15.9% in Q4 FY25 from 14% in Q4 FY24, supported by government grants under the EPCG scheme and lower provisions for turnover discounts.
Profit before tax (PBT) declined 26.22% YoY to Rs 29.71 crore, compared to Rs 40.27 crore in the same quarter la...