Greenpanel Industries Q2 FY27: revenue up 4.0% to ₹412 Cr, net loss ₹1 Cr
Results · Finvezto · 2 Nov 2026 · Greenpanel Industries (GREENPANEL)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 412 | - | +4.0% |
| Operating profit | 28 | - | +12.0% |
| Net profit | -1 | - | - |
| Operating margin | 6.8% | - | +0.5 pp |
| Net margin | -0.1% | - | - |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Total revenue for Q2 FY27 grew 4.6% year-on-year to INR 407 crore, while H1 FY27 revenue rose 6.3% year-on-year to INR 757 crore. Earnings call
- Consolidated operating EBITDA margin for Q2 FY27 contracted to 7.5% from 10.2% last year due to domestic price reductions and higher opening inventory costs. Earnings call
- Retail MDF sales volumes reached Greenpanel's highest ever level in a single quarter, growing 17% year-on-year, while plywood sales volumes grew 8.4% year-on-year. Earnings call
What to watch
- Management on mdf volume growth: We are aiming to achieve mid-teen MDF volume growth for the full year.
- Management on h2 volume recovery: Retail MDF business is expected to grow strong year-on-year, while we aim to recover the first half shortfall of MDF OEM and export MDF volume during the balance half of the year.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.