Q3 2025 Greenpanel Industries Ltd Earnings Call Transcript
Key Points
- MDF domestic sales volume grew by 11% quarter on quarter.
- Export realizations for MDF were higher by 2% year on year.
- Plywood realization increased by 1.2% year on year.
- Net debt includes INR219 crores for the expansion project, indicating ongoing growth initiatives.
- The expansion project is progressing, with commercial production expected by the end of Q4 FY25.
- MDF domestic realizations were lower by 5% year on year.
- MDF EBITDA margins were impacted by a steep increase in wood prices, standing at 5.1%.
- Plywood volumes decreased by 17% year on year.
- Post-tax profits for the quarter dropped by 75%, from INR34.61 crores to INR8.5 crores.
- Net working capital increased by 11 days year on year due to higher wood inventories.
Ladies and gentlemen, good day and welcome to the Greenpanel Industries Limited Q3 FY25 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Gavin Desa of CDR India. Thank you and over to you, sir.
Thank you. Good day, everyone and thank you for joining us on Greenpanel Industry Limited Q3 and nine-month FY25 earnings call.
We have with us, today, Mr. Shobhan Mittal, the Managing Director, and Mr. V Venkatramani, the CFO.
Before we begin, I would like to state that some statements made in today's discussions may be forward-looking in nature and may involve risk and uncertainties. A detailed statement in this regard is available in the result 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, Shobhan.
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