Greenpanel Industries Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Greenpanel Industries faced a tough Q1 FY'26. Consolidated revenue was Rs. 323 crore, with a PAT of negative Rs. 34.6 crore, primarily hit by Rs. 27.6 crore in non-cash forex loss and new plant stabilization costs. Domestic MDF volumes were down 8.5% YoY, partly due to discontinuing commercial-grade MDF post-new BIS norms. Management is confident, sticking to full-year volume/margin targets, focusing on market share recovery through aggressive growth, cost cutting (lower timber prices), and better efficiency from the new plant. BIS norms are crushing imports, opening market space. Strong balance sheet with zero working capital used. The game plan: push volumes, boost efficiency, and turn things around.