Greenpanel Q3FY26 Results: Revenue Up 15.8% YoY

Greenpanel Industries reported Q3FY26 revenue of ₹41,627.22 lakhs, up 15.8% YoY. Net profit stood at ₹1,024.06 lakhs vs ₹850.41 lakhs in Q3FY25. Company recognized ₹6,218 lakhs in approved subsidies.

Tata Mutual Fund Increases Stake in Greenpanel Industries

Tata Mutual Fund acquired 28.05 lakh shares of Greenpanel Industries on December 24, 2025, increasing its holding from 5.06% to 7.28% through various schemes under SEBI regulations.

Greenpanel Launches DuroBOIL BWP HDF Product

Greenpanel Industries launches DuroBOIL BWP HDF, India's strongest and toughest high-density fibreboard with ultra-high density of 1100 kg/m³, available in 12mm and 18mm thicknesses with 25-year warranty.

Greenpanel Industries Reports Operational Turnaround in Q2 FY26 with Strong Volume Growth

Greenpanel Industries Limited reported a significant operational recovery in Q2 FY26 after a challenging Q1. The company achieved 30.5% year-on-year growth in domestic MDF volumes and 26.8% sequential growth, while export volumes remained flat. Consolidated revenue grew 17.1% year-on-year to INR 389.4 crore. The company implemented strategic pricing realignments with peers and launched new products including HCW Outdoors, Thin MDF, and Fire Retardant MDF. Overall realization was 4% lower year-on-year, with half attributed to product mix changes and half to pricing adjustments. Operational EBITDA (excluding forex impact) reached INR 39.7 crore or 10.2% of revenues. However, reported EBITDA was INR 27.8 crore due to INR 12.5 crore adverse forex impact on Euro borrowings. The company reduced net debt by INR 60 crore and improved working capital cycle by 17 days. Management revised guidance to expect domestic MDF volume growth in high teens for FY26 and operating EBITDA margins of high single-digit to early double-digit. MDF imports dropped significantly to less than 1,000 cubic meters monthly versus 20,000 cubic meters average in previous year's second half, attributed to stricter BIS implementation.