Greenpanel Industries Limited — PPTs, 06-02-2025: Investor Presentation

**Financial Highlights:** Greenpanel Industries displayed mixed performance for Q3 FY2025 with net sales of ₹325.9 crore, a decline of 6.0% year-over-year. EBITDA margins fell to 5.1%, driven down by an increase in wood prices. The company reported a net margin of 2.4%, a significant drop from 9.0% in the previous year, with gross margins at 43.2%. For the nine months ending December 31, 2024, net sales also contracted by 8.4% to ₹953.5 crore, and EBITDA margins were at 10.0%, reflecting challenges in operational efficiency.

**Strategic Initiatives and Growth Drivers:** The management emphasized a focus on expanding distribution reach, boosting domestic sales volumes, and increasing the proportion of value-added products to drive growth in challenging market conditions.

**Market Position and Competitive Advantage:** Greenpanel retains a leadership position in the MDF segment, although domestic sales volumes were flat year-on-year. The company continues to leverage its significant manufacturing capacity, with potential for improvement in net working capital management.

**Investor Implications:** The outlook remains cautious; while the company aims to navigate current challenges, investors should closely monitor its expansion strategies and cost management initiatives, particularly against the backdrop of rising raw material costs.