Greenpanel Industries

Greenpanel reported Q3 FY26 revenue of ₹398.8 croreCurrent reported value: ₹398.8 crore. No comparable prior figure is available in the source record., up 11.4% YoYCurrent reported value: 11.4% YoY. No comparable prior figure is available in the source record., driven by 17.1%Current 17.1%. Reported change: +17.1% YoY. MDF volume growth (domestic +19%, export +8.3%). EBITDA margin improved to 11.2%Current reported value: 11.2%. No comparable prior figure is available in the source record. (MDF 11.9%, plywood 1.4%) aided by gross margin expansion to ~50%Current 50%. Reported change: Expanded QoQ. and a one-time power subsidy of ₹8.5 crore. Domestic realizations fell 1.4% QoQ due to post-Diwali discounting and a shift toward OEM sales (now 25%Current 25%. Reported change: +2pp YoY. of domestic MDF). Management maintained FY26 guidance of mid-to-high teen MDF volume growth and high single-digit to early double-digit EBITDA margins (ex-FX). Risks include sustained pricing pressure from domestic competition and timber cost volatility from seasonal disruptions.