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Greenpanel Inds.

Q4 FY25

Greenpanel Inds. Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹161

Market cap₹2.1K Cr

P/E318.5

Updated23 Aug 2026

Read5 min read

The short version

Targeting approximately 30% overall volume growth for FY'26, including new capacity ramp-up. Greenpanel expects improved performance in FY'26 driven by the addition of thin MDF to the product portfolio and ramp-up of the new production line. - Targeting 10-12% volume growth from existing plants and 35% capacity utilization in the new plant, leading to approximately 30% overall volume growth. - Operating margins are expected to improve, with MDF margins targeted around 12% and plywood margins at 7-8%, excluding EPCG incentives. - Anticipates wood prices to reduce by 5-7% during FY'26, which will support margin expansion. - Increasing domestic MDF volumes and substitution of imports (especially thin MDF) expected to drive top-line growth. - EPCG incentives worth Rs.

From Greenpanel Inds.'s Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Targeting approximately 30% overall volume growth for FY'26, including new capacity ramp-up.
Existing MDF lines (Uttarakhand and Andhra Pradesh) expected to grow volumes by 10%-12% in FY'26.
New thin MDF line anticipated to achieve around 35% capacity utilization in FY'26, contributing about 72,000 cubic meters.
Export volumes targeted at approximately 80,000 to 84,000 cubic meters for FY'26, with initial conservative estimates from the new line.
Domestic market growth driven by BIS compliance eliminating commercial grade MDF sales, leading to demand replacement by BIS-compliant products.
Expectation of steady volume growth in existing lines despite discontinuation of commercial grade MDF.

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Profitability & Margins

Greenpanel expects improved performance in FY'26 driven by the addition of thin MDF to the product portfolio and ramp-up of the new production line.
Targeting 10-12% volume growth from existing plants and 35% capacity utilization in the new plant, leading to approximately 30% overall volume growth.
Operating margins are expected to improve, with MDF margins targeted around 12% and plywood margins at 7-8%, excluding EPCG incentives.
Anticipates wood prices to reduce by 5-7% during FY'26, which will support margin expansion.
Increasing domestic MDF volumes and substitution of imports (especially thin MDF) expected to drive top-line growth.
EPCG incentives worth Rs. 51 crore expected to be recognized over FY'26 and FY'27, supporting profitability.

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Capital Expenditure Plans

The company is not expecting any major capex in the near future.
Remaining capex for the new thin MDF line is approximately Rs. 25 crore.
Potential small capex for the existing business is estimated to be around Rs. 10 to 15 crore.

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Fundraising & Capital Structure

No major new capital expenditure (capex) is expected going forward.
The company plans approximately Rs. 25 crore as balance capex for the new line.
Additional small capex of Rs. 10 to 15 crore may be considered for existing business.

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Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders details for Greenpanel Industries Limited. However, key relevant points include: - New thin MDF line is expected to produce about 72,000 cubic meters in FY'26, targeting 35% utilization. - Export volume from the new line is estimated at around 80,000 cubic meters for FY'26. - Domestic volume for existing plants is expected to grow 10% to 12% in FY'26.

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Greenpanel Inds. — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹399 Cr, net profit ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Greenpanel Inds.'s management said in earlier quarters

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Frequently Asked Questions

What were Greenpanel Inds. Q4 FY25 results?

Targeting approximately 30% overall volume growth for FY'26, including new capacity ramp-up. Greenpanel expects improved performance in FY'26 driven by the addition of thin MDF to the product portfolio and ramp-up of the new production line. - Targeting 10-12% volume growth from existing plants and 35% capacity utilization in the new plant, leading to approximately 30% overall volume growth. - Operating margins are expected to improve, with MDF margins targeted around 12% and plywood margins at 7-8%, excluding EPCG incentives. - Anticipates wood prices to reduce by 5-7% during FY'26, which will support margin expansion. - Increasing domestic MDF volumes and substitution of imports (especially thin MDF) expected to drive top-line growth. - EPCG incentives worth Rs.

What is Greenpanel Inds. share price analysis?

Greenpanel Inds. currently shows a neutral. The stock trades at a P/E of 318.5 with a market cap of ₹2,140 Cr. Investors should review the full earnings analysis for detailed insights.

Is Greenpanel Inds. planning capital expenditure?

The company is not expecting any major capex in the near future. - Remaining capex for the new thin MDF line is approximately Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.