Greenpanel Industries Limited (NSE: GREENPANEL) is an Indian company that is primarily engaged in the production of wood-based panel products. The company was originally known as Greenply Industries Limited and was established in 1993. In 2018, the company was rebranded as Greenpanel Industries to better reflect its focus on wood-based panel products.
The company’s products include particle boards, medium-density fiberboards (MDF), and decorative veneers, which are used in a variety of applications, including furniture, flooring, and construction. Greenpanel Industries is one of the leading wood-based panel product manufacturers in India, and its products are also exported to several countries. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹420.15 crore, a slight decrease of 1% from ₹424.41 crore in the same period last year. The Consolidated Net Profit was ₹37.52 crore, down 41% from ₹63.07 crore in the same quarter last year. This quarter’s earnings per share was ₹3.06.
The MDF segment contributed a total of ₹362.56 Crore, an increase of 1.4% from the same quarter last year. Meanwhile, the remaining Revenue came from the Plywood segment, which reported earnings of ₹57.59 Crore.