Greenpanel Industries (GREENPANEL) Q4 25/26 earnings summary

Executive summary

• Achieved double-digit topline growth in FY26, driven by a 12.9% year-over-year increase in MDF volumes and strong sales initiatives.

• Audited financial results for the quarter and year ended March 31, 2026, were approved, with the audit report carrying an unmodified opinion from statutory auditors.

• Renewed focus on sales, marketing, and digital outreach, with new product launches and expanded trade engagement.

• Net profit impacted by currency losses on Euro-denominated borrowings and higher depreciation/interest from the new MDF plant.

• The 9th Annual General Meeting is scheduled for August 7, 2026, and a final dividend of Rs. 0.50 per equity share has been recommended.

Financial highlights

• Revenue for FY26 rose 7.8% year-over-year to ₹1,502.2 crore (₹153,936.87 lakhs); Q4FY26 revenue up 15.5% year-over-year.

• Net profit after tax for FY26 was ₹7,210.89 lakhs, compared to ₹5,968.97 lakhs in FY25.

• Gross margin improved to 48.2% in FY26, up 130 bps year-over-year; Q4FY26 gross margin at 47.8%, up 320 bps year-over-year.

• Operating EBITDA margin for FY26 at 8.8% of sales, down 1.8 percentage points year-over-year.

• Net debt reduced to ₹156 crore as of March 2026, with a cash conversion cycle of 38 days.

Outlook and guidance

• Focus remains on driving volume growth, cost optimization, and profitability through sales system strengthening and new product launches.

• The company recognized the financial impact of new labor codes effective November 2025, with changes reflected in FY26 results.

• Leverage and liquidity remain comfortable to support future growth.