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Greenpanel Q4 Results Review: Muted Operational Performance Offset By EPCG Grant; IDBI Capital Maintains Hold
The new MDF facility has commenced operations with expected capacity utilization reaching 35% by FY26, adds IDBI Capital
23 May 2025, 03:38 PM IST 
Greenpanel's plywood revenue declined by 5% YoY, primarily due to a 12% YoY drop in sales volume, partially offset by an 8% increase in realizations.s. (Photo Source: freepik)
Greenpanel's MDF revenue fell 15% YoY, driven by 20% YoY drop in volumes, despite a 34% increase in export volumes. Domestic volumes decreased by 25% YoY, due to discontinuation of commercial grade MDF. However, realizations improved 6% YoY, driven by a 7% YoY increase in domestic realization and a 10% increase in export realizations.
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