Greenpanel Industries Limited has informed the Exchange about Transcript

Greenpanel Industries reported a weak Q1 FY26 with a consolidated loss after tax of Rs. 34.6 crores, dragged by a Rs. 27.6 crores forex (Euro) mark-to-market loss on ECB borrowings for its new Andhra Pradesh plant, plus initial stabilization inefficiencies at the new thin MDF line. Consolidated revenue from MDF and plywood was Rs. 323 crore, with MDF volumes down 8.5% year-on-year after the company stopped selling 37,000 cubic metres of non-BIS commercial-grade product; excluding that, domestic sales grew 47% on a like-for-like basis. Operating EBITDA (excluding the FX hit) was just Rs. 13 crore or 4% of revenue, reflecting pricing aggression from peers, lingering pre-BIS channel inventory, and weak export volumes (down 40% YoY). Management has maintained its full-year volume guidance of 5,50,000 cubic metres, said it is 'not chasing margins' but regaining market share via dealer schemes (around 3% in July), and expects timber price correction to add 2-3% to gross margins going forward.