Greenpanel Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 31-Jul-2026.
GREENPANEL · price
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Greenpanel Industries reported audited FY2025-26 results with revenue from operations of ₹1,53,936.87 lakhs, up ~7.2% from ₹1,43,576.86 lakhs in the prior year. However, the company swung to a net loss after tax of ₹2,912.78 lakhs compared to a net profit of ₹7,210.89 lakhs in FY2024-25. The sharp reversal was driven primarily by a near 5x jump in finance costs to ₹3,670.82 lakhs (from ₹667.08 lakhs), largely due to ₹4,906.33 lakhs in foreign exchange fluctuations on borrowings for the Andhra Pradesh MDF plant. Additional one-time charges included a GST penalty of ₹479.82 lakhs related to input tax credit disallowance. The Board recommended a final dividend of ₹0.50 per equity share (50% on face value of ₹1) with a record date of July 31, 2026. The AGM is scheduled for August 7, 2026. Statutory auditors issued an unmodified (clean) opinion. An Income Tax Department search was conducted in February-March 2026; no material adjustments were made as no written communication on outcomes has been received. Operating cash flow remained healthy at ₹11,116.49 lakhs.
The sharp swing to a net loss despite modest revenue growth raises concerns about the company's cost structure and forex exposure on MDF plant borrowings. The clean audit opinion provides some comfort, but the loss and elevated finance costs may weigh on investor sentiment in the near term. The dividend offer provides some return to shareholders despite the loss-making year.