Greenpanel Industries Limited — Results, 06-02-2025: Integrated Filing- Financial

Greenpanel Industries Limited has announced a board meeting to review its financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹36,599.42 crore and a net profit of ₹850.41 crore for the quarter. Expenses rose to ₹36,078.50 crore, with finance costs showing a reversal of ₹70.14 crore due to foreign currency borrowings. The management indicated that they have not recognized certain government subsidies totaling ₹2,087 crore, citing the need for further assurance before acknowledgment. This announcement may lead to a neutral impact on investor sentiment, as it highlights both financial resilience and potential risks regarding subsidy recognition.