Greenpanel Industries reported strong Q3FY26 results, marked by a 17.1% increase in MDF total volumes and a gross margin of 49.9%. Operating EBITDA reached 11.2% of total sales. The company saw significant growth in MDF domestic volumes (+19.0%) and improved cash conversion cycle to 32 days. The financial performance reflects Greenpanel’s focus on sales, marketing, and cost optimization.
Key Financial Highlights
Greenpanel Industries announced its Q3FY26 and 9MFY26 financial results, demonstrating notable improvements across key metrics:
- MDF Domestic Volumes: Increased by 19.0% year-over-year.
- MDF Total Volumes: Grew by 17.1% year-over-year.
- Gross Margin: Achieved 49.9%, a +670 bps increase year-over-year.
- Operating EBITDA: Reached 11.2% of total sales.
- Cash Conversion Cycle (CCC): Improved to 32 days.
Segment Performance – MDF
The MDF segment showed substantial growth in Q3FY26:
- Net Sales: Increased to ₹370.67 Crores.
- Domestic Sales Volume: 1,14,335 CBM.
- Total Sales Volume: 1,35,971 CBM.
Segment Performance – Plywood
Key figures for the Plywood segment in Q3FY26 include:
- Net Sales: ₹28.15 Crores.
Strategic Initiatives and Outlook
Greenpanel’s improved performance is attributed to a renewed focus on sales and marketing, including enhanced digital outreach and strategic product launches, contributing to volume salience. The company is also focused on cost base improvements, aiming for enhanced profitability through organizational restructuring and raw material mix optimization.
Source: BSE
