| Revenue growth | Revenue +4.6% YoY, +16.4% QoQ; H1 +6.3%; volume-led sequential rebound. |
|---|---|
| Margins | EBITDA margin 7.5%, down from 9.6% QoQ; H1 8.4%. |
| Order book | Opening October export pipeline ~13,000 cbm; constrained by container availability. |
| Demand visibility | Retail strong; OEM weak; QCO support; industry 15-17% CAGR; oversupply two years. |
| Management confidence | Balanced-to-optimistic; repeatedly 'hope' and 'aim' on OEM and margin recovery. |
Growth
Revenue ₹407 Cr, +4.6% YoY; volume -3.4% YoY as OEM losses offset retail +17%. Sequential +23% volume recovery.
Outlook
Targets mid-teen MDF volume growth in FY27; early-teens EBITDA margin only if volumes grow ~15%.
Risks
Lagged cost relief from costly opening inventory; OEM share ~15%; Middle East freight constraints; two years of oversupply.
Last quarter's promises, checked
Delivered
- Guided volume ramp → Q2 vol +23% QoQ (= BEAT)
- Guided no capex 18-24M → none lined up for 3Y (= BEAT)
Partly delivered
- Guided export restart post-ME → ME still shut; Oct pipeline ~13,000 cbm (= PARTIAL)
- Guided higher utilisation → not disclosed (= PARTIAL)
Missed
- Guided ~9.6% margin hold → 7.5% (= MISS)
- Guided OEM back this qtr (~20-25% mix) → ~15% H1, recovery deferred (= MISS)
- Guided industry-leading growth from Q2 → vol -3.4% YoY (= MISS)
Earnings Call Transcript filed with NSE, NSE: GREENPANEL. Summary written with AI assistance from the document.
Greenpanel Industries Ltd: key numbers
- Share price
- ₹124.00
- Market cap
- ₹1,521 Cr
- Revenue (annual)
- ₹1,539 Cr
- Net profit (annual)
- ₹-29.13 Cr
- P/E (TTM)
- 236.7×Sector 39.4×
- Promoter holding
- 54.31%+1.05% QoQ
- FII holding
- 1.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Greenpanel Industries Ltd
All →Greenpanel Industries Management Change
Greenpanel Industries appointed Saurabh Sinha as Chief Sales Officer effective 2 November 2026. He brings over 22 years of sales and business leadership experience.
Greenpanel Industries Investor Presentation: Key Takeaways
Q2FY27 revenue Rs 407.3 Cr (+4.6% YoY, +16.4% QoQ); operating EBITDA margin 7.5% vs 10.2% YoY; reported PAT -Rs 0.6 Cr. Retail volume growing; exports resuming.
Greenpanel Industries Q2 FY27 Results: Net Loss of ₹0.6 Cr, Loss Narrows
Greenpanel Industries Ltd reported revenue from operations of ₹411.7 Cr (+4.0% YoY) and a net loss of ₹0.6 Cr for Q2 FY27.
- Key figure
- Net loss ₹0.6 Cr
Greenpanel Industries Board Meeting Date
Greenpanel Industries notified that its Board meeting is scheduled for November 2, 2026 to approve Q2/H1 FY27 results. Trading window remains closed until November 4, 2026.
Greenpanel Industries Other Announcement
Greenpanel Industries Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Greenpanel Industries Management Change
Greenpanel Industries announced the resignation of Prakash Rameshbhai Tripathi, Chief Sales Officer, effective November 5, 2026.