Greenpanel Industries Ltd, engaged in manufacturing plywood, medium density fibre boards (MDF), and allied products, reported revenue expansion but swung to a net loss in Q2FY26 amid forex losses and margin pressures.
Financial Highlights:
- Revenues increased 17.54% year-on-year to ₹395.97 crore from ₹336.87 crore, driven by MDF volume growth.
- Total expenses rose 23.73% to ₹407.92 crore from ₹329.68 crore.
- Consolidated net loss of ₹6.12 crore vs profit of ₹18.50 crore YoY.
- Earnings per share -₹0.50 vs ₹1.51 YoY.
Strong MDF domestic volumes (+30.5% YoY) supported topline, but forex impact on Euro borrowings and operating margin contraction to negative territory drove the loss.
Outlook:
Greenpanel Industries Ltd targets pricing realignment, product innovation, cost optimization, and net debt reduction for H2 recovery and FY26 margin improvement.
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