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GREENPANEL Diversified 10 Feb 2026

Greenpanel Industries Limited — Q3 FY26

Greenpanel reported Q3 FY26 revenue of ₹398.8 crore, up 11.4% YoY, driven by 17.1% MDF volume growth (domestic +19%, export +8.3%).

neutral medium
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Revenue ₹399 Cr +11.4%
EBITDA ₹44 Cr
PAT ₹10 Cr
EBITDA Margin 11.2%
Duration 39 min
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Sustained pricing pressure from domestic competition

Management noted that discounting pressures from competitors returned post-Diwali, and they had to offer more discounts, especially to OEMs. No price increases are foreseen in the near term.

high · management_commentary
R

Timber cost volatility due to seasonal disruptions

Timber costs, which were declining, spiked in late November due to severe winter in the north and heavy rainfall in the south. Although costs are easing from January, volatility remains a risk.

medium · management_commentary
R

Dependence on exports as a filler may pressure margins

Exports are used as a filler to absorb fixed costs, but they typically carry lower margins. While the weak rupee helps, any downturn in export demand could impact overall profitability.

medium · analyst_question