Greenpanel Industries Reports Q3 Results With Stable Profit

Greenpanel Industries Ltd, India’s largest manufacturer of wood panels, announced its December quarter financial results, showcasing stable performance amid challenging market conditions. The company posted consolidated revenue from operations at Rs 4.16 billion, while net profit stood at Rs 102.4 million. The results highlight resilience in demand for MDF and allied products, with operational efficiency helping to sustain profitability despite cost pressures.  

Key highlights from the announcement include  

• Q3 consolidated revenue from operations reported at Rs 4.16 billion.  
• Net profit stood at Rs 102.4 million in the December quarter.  
• Performance supported by demand in MDF and wood panel products.  
• Operational efficiency contributed to sustaining profitability.  
• Company continues to focus on innovation and expanding market presence.  
• Analysts view results as steady, reflecting resilience in India’s building materials sector.  

Industry experts note that Greenpanel Industries’ results demonstrate its ability to maintain stability in a competitive environment, reinforcing its position as a leading player in India’s wood panel industry.  

Sources: Reuters, Economic Times, Business Standard