Q2 2025 Greenpanel Industries Ltd Earnings Call Transcript
Key Points
- Greenpanel Industries Ltd (BOM:542857) reported a sequential increase of 2.7% in domestic MDF realizations due to an improved mix of value-added products.
- Export realizations for MDF were higher by 24.4% year-over-year, indicating strong pricing power in international markets.
- The company has restructured its plywood sales team to recover market share and reach optimum capacity over the next two quarters.
- Greenpanel Industries Ltd (BOM:542857) is targeting a 15% to 18% year-over-year growth in domestic MDF volumes for the second half of the year.
- The company is progressing on a new project with commercial production expected towards the end of Q3 FY25, which could enhance future capacity and revenue.
- MDF domestic sales volume fell by 4% year-over-year, indicating challenges in the domestic market.
- The company's EBITDA margins were impacted, with MDF margins at 13.1% due to lower volumes and competitive pricing pressures.
- Post-tax profits for the quarter were significantly lower, down 55% to INR18.5 crores compared to INR41 crores in the corresponding quarter.
- Net working capital increased by 14 days year-over-year due to lower turnover and high inventory levels.
- The company faced challenges with export volumes due to increased ocean freight rates and wood prices, impacting overall sales.
Ladies and gentlemen, good day. And welcome to the Green Panel Industries Limited Q2 and H1 FY25 earnings conference call.
(Operator Instructions)
I now hand the conference over to Mr. Rishab Barar from CDR India.
Thank you and over to you, sir.
Good day, everyone and thank you for joining us on the Green Panel industries Limited Q2 and H1 FY25 conference call. We have with us today, Mr. Shobhan Mittal, the managing director, Mr. Vishwanathan Venkatramani, the CFO. Before we begin, I would like to state that some statements made in today's discussion may be forward-looking in nature and may involve risks and uncertainties. A detailed statement in this regard is available in the results presentation that was sent to you earlier.
I would now like to invite Mr. Shobhan Mittal to begin the proceedings of the call.
Over to you sir.
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