Greenpanel Industries submitted the outcome of the Board Meeting dated May 15, 2026
GREENPANEL · price
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Greenpanel Industries reported a net loss of ₹2,912.78 lakhs for FY2026 versus a net profit of ₹7,210.89 lakhs in FY2025. Total income fell to ₹1,55,387.08 lakhs from ₹1,45,833.73 lakhs, while profit before tax turned deeply negative at ₹(4,375.94) lakhs vs ₹6,968.97 lakhs previously. Finance costs surged over 5x to ₹3,670.82 lakhs due to ₹4,906.33 lakhs in foreign exchange losses on Andhra Pradesh MDF plant borrowings. The company also recognised ₹6,217.93 lakhs in previously deferred government subsidies (including ₹5,000 lakhs green measures subsidy). An Income Tax Department search was conducted in February 2026 with no outcome communication received yet. Statutory auditors issued an unmodified (clean) opinion.
The company swung to a loss due to massive forex losses and higher finance costs, though subsidy recognition and operating cash flows of ₹11,116.49 lakhs provide some support. The Income Tax search and ongoing contingent liabilities remain watch items for investors.