Greenpanel Industries Limited — PPTs, 30-01-2026: Investor Presentation

**Business Performance:** Greenpanel Industries reported strong Q3FY26 results, with revenue up 11.4% year-on-year to Rs. 398.8 Cr. MDF domestic volumes surged 19%, leading to overall MDF volume growth of 17.1%. Gross Margin improved significantly to 49.9%. The Plywood segment, however, saw a volume decline.

**Growth Drivers or Strategy:** The company focused on driving volume salience through energized sales teams, strengthening distribution via the new MITR 2.0 app, and enhanced digital outreach. Cost optimization initiatives, including raw material rationalization, also boosted profitability.

**Recent Developments:** Notable product launches included HDWR Door, Thin MDF, FRMDF, and India’s Strongest, Toughest & Heaviest BWP HDF. The MD & CEO highlighted AI and technology's role in transforming the wood panel industry.

**Key Financial Metrics:** Operating EBITDA jumped 150.2% to Rs. 44.5 Cr, achieving margins of 11.2%. Profit after tax stood at Rs. 10.2 Cr. Net debt reduced to Rs. 163 Cr, and the cash conversion cycle improved to 32 days.

**Management Commentary / Outlook:** Management indicated that double-digit top-line growth was driven by MDF volumes and improved margins, despite increased investments in volume salience. While currency losses on Euro borrowings and higher expenses for the new AP plant impacted net profit, leverage and available liquidity remain comfortable to support growth.