| Revenue growth | Q2 +4.6% YoY, +16.4% QoQ; 1H +6.3% |
|---|---|
| Margins | Op EBITDA margin 7.5% vs 10.2% YoY, 9.6% QoQ |
| Order book | Export pipeline at Oct 1 exceeds Q2 export sales |
| Demand visibility | Domestic MDF 15-17% CAGR (industry); pre-festive indicators positive |
| Management confidence | Improving month-on-month trend; pre-festive indicators positive |
Growth
Q2 revenue Rs 407.3 Cr, +4.6% YoY, +16.4% QoQ; 1HFY27 revenue Rs 757.2 Cr, +6.3%. Plywood revenue +20.3% QoQ.
Outlook
No numeric guidance given. Export order pipeline at Oct 1 exceeds Q2 export sales; Andhra third line operational; net debt Rs 133 Cr.
Risks
Operating EBITDA margin down 270bps YoY to 7.5%; 1H exports -65%, OEM MDF -30%; rising sea freight; raw material cost 51.8% of sales.
Last quarter's promises, checked
Delivered
- Guided deleveraging → net debt Rs133 Cr vs Rs156 Cr Mar-26 (= BEAT)
Partly delivered
- Guided no MDF capex for 18-24 mo → Andhra 3rd line operational, Tirupati thin-MDF added; spend undisclosed (= PARTIAL)
- Guided +30-40% ply volume, no timeline → ply revenue +20.3% QoQ; volume undisclosed (= PARTIAL)
Missed
- Guided 9.6% Op EBITDA margin held → 7.5% (= MISS)
- Guided OEM back in Q2 (Q1 OEM -14% YoY) → 1H OEM -30% YoY (= MISS)
- Guided double-digit margin 'not a tough ask' → Q2 Op EBITDA 7.5% (= MISS)
Investor Presentation filed with NSE, NSE: GREENPANEL. Summary written with AI assistance from the document.
Greenpanel Industries Ltd: key numbers
- Share price
- ₹132.30
- Market cap
- ₹1,622 Cr
- Revenue (annual)
- ₹1,539 Cr
- Net profit (annual)
- ₹-29.13 Cr
- P/E (TTM)
- 252.5×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 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.
Greenpanel Industries Promoter Buying: ₹2.75 Cr
Promoter Group member Prime Holdings Pvt. Ltd. acquired 1,80,000 equity shares of Greenpanel Industries Ltd via open market purchase for ₹2.75 Crore.
- Value
- ₹2.75 Cr
- Promoter stake change
- +0.15%