Slides
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Q2FY27 & 1HFY27 Results Presentation Greenpanel Industries Limited
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This presentation may contain certain forward-looking statements relating to Greenpanel Industries Limited and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company and their respective directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, which could cause actual development and results to differ materially from the statements made in this presentation. Company assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise. Any forward-looking statements and projections made by third parties included in this presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. 2Disclaimer
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Financial & Operational Highlights Q2FY27 & 1HFY27
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Continuing Business Momentum; Improving Outlook ⚫ Thrust on expanding sales volumes and market share translating to improved sales performance and visibility o Improving month on month trend in Q2 FY27; pre festive indicators augur well for performance going forward ⚫ Annual connect with over 150 channel partners strengthens confidence in distribution and customer reach ⚫ Improving metrics across categories : o Volume growth in the Retail segment sustains at 19% during 1H o Pricing re-alignment resulting in volume recovery for OEM with every passing month o Healthy resumption in exports – order pipeline as on October 1 exceeds total Q2 FY27 sales despite further hike in sea freight recently ⚫ Domestic MDF demand expected to sustain 15–17% CAGR, supported by structural demand drivers. ⚫ Implementation of Furniture (Quality Control) Order, 2025 expected to further support growth of wood panel demand in India ⚫ Moderating capacity additions and higher import costs expected to support improved industry balance. ⚫ Greenpanel remains the largest MDF manufacturing entity in the country. Commencement of operations at third line at Andhra facility offers adequate headroom to capitalise on this opportunity ⚫ Greenpanel’s two-pronged business strategy : o Leverage ample available capacity to drive volumes o Enhance operating efficiencies and become leaner and better positioned to combat input price escalations 4
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Manufacturing Footprint 5 Rudrapur, Uttarakhand Tirupati, Andhra Pradesh 2,16,000 CBM Existing MDF Capacity 9 Mn SQM Plywood Capacity 6,75,000 CBM Expanded MDF Capacity Thin MDF Capability Added Manufacturing capability for thin MDF panels catering to emerging applications and growing market demand. Map not to scale
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6 +17% (YoY) Q2FY27 +19% (YoY) 1HFY27 -30% (YoY) 1HFY27 -39% (YoY) Q2FY27 +21% (YoY) Q1FY27 -14% (YoY) Q1FY27 -100% (YoY) Q1FY27 -32% (YoY) Q2FY27 -65% (YoY) 1HFY27 +10% (YoY) Q1FY27 +8% (YoY) Q2FY27 +9% (YoY) 1HFY27 Retail MDF OEM MDF Exports MDF Plywood Highest Ever Retail Sales achieved during Q2FY27 Volume Growth % – 1HFY27 6
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Q2FY27 –MDF: Domestic & Exports …(1/2) 7 Volume (K CBM) Realisation (Rs. Per CBM) Revenue (in Crores) DomesticExport 28,587 31,758 29,608 Q2FY26 Q1FY27 Q2FY27 323 317 335 Q2FY26 Q1FY27 Q2FY27 +0.2% +13.4% +3.6% -6.8% +3.8% +5.8% 22,644 33,905 Q2FY26 Q1FY27 Q2FY27 32 0 32 Q2FY26 Q1FY27 Q2FY27 -32.3% NA +49.7% NA +1.4% NA 113 100 113 Q2FY26 Q1FY27 Q2FY27 14 0 10 Q2FY26 Q1FY27 Q2FY27 NA
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53% 51% 55% Q2FY26 Q1FY27 Q2FY27 Q2FY27 – Total MDF …(2/2) 8 Volume (K CBM) Realisation (Rs. Per CBM) Revenue (in Crores) 127 100 123 Q2FY26 Q1FY27 Q2FY27 27,927 31,758 29,942 Q2FY26 Q1FY27 Q2FY27 355 317 367 Q2FY26 Q1FY27 Q2FY27 -3.4% +23.0% +7.2% -5.7% +3.6% +16.0% Operating EBITDA Margin (%) Capacity Utilisation (%) 10.7% 10.3% 7.8% Q2FY26 Q1FY27 Q2FY27
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Q2FY27 – Plywood 9 Volume (K SQM) Realisation (Rs. Per SQM) Revenue (in Crores) 1398 1300 1514 Q2FY26 Q1FY27 Q2FY27 249 255 263 Q2FY26 Q1FY27 Q2FY27 35 33 40 Q2FY26 Q1FY27 Q2FY27 +8.4% +16.5% +5.8% +3.3% +14.7% +20.3% 53% 56% 51% Q2FY26 Q1FY27 Q2FY27 EBITDA Margin (%) Capacity Utilisation (%) 4.6% 2.7% 4.7% Q2FY26 Q1FY27 Q2FY27
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GPIL Financial Performance – Q2FY27 & 1HFY27 10 1. $Operating EBITDA excludes FX loss on account of currency movement on Euro currency borrowings for the new MDF plant and other one-offs impacting the relevant period. 2. Other Income includes EPCG income of Rs 6 Crs in Q2FY26, Nil in Q1FY27 and Rs 4 Crs in Q2FY27. Captions (Rs. Crore) Q2FY26 Q1FY27 Q2FY27 Vs Vs 1HFY26 1HFY27 Vs Q2 FY26 Q1FY27 1HFY26 Revenue 389.4 349.9 407.3 4.6% 16.4% 712.0 757.2 6.3% Raw Material Cost 203.6 165.4 210.9 3.6% 27.5% 374.7 376.3 0.4% Raw Material Cost (%) 52.3% 47.3% 51.8% -0.5% 4.5% 52.6% 49.7% -2.9% Gross Margin 185.8 184.6 196.4 5.7% 6.4% 337.4 381.0 12.9% Gross Margin (%) 47.7% 52.7% 48.2% 0.5% -4.5% 47.4% 50.3% 2.9% Other Expenses 155.7 153.5 172.9 11.1% 12.7% 303.2 326.4 7.6% Other Income 9.6 2.5 6.9 -28.1% 179.8% 18.6 9.4 -49.6% Operating EBITDA$ 39.7 33.5 30.4 -23.5% -9.4% 52.8 63.9 21.2% Operating EBITDA Margin (%) 10.2% 9.6% 7.5% -2.7% -2.1% 7.4% 8.4% 1.0% Exception – FX and Others@ -11.9 -1.0 -0.1 NA NA -37.3 -1.2 NA Reported EBITDA 27.8 32.5 30.3 8.7% -6.9% 15.4 62.8 306.8% Reported EBITDA Margin (%) 7.1% 9.3% 7.4% 0.3% -1.9% 2.2% 8.3% 6.1% Reported PBT -8.9 2.1 -1.5 NA NA -56.3 0.6 NA Reported PAT -6.1 1.2 -0.6 NA NA -40.7 0.6 NA
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Working Capital Cycle & Debt Profile 11 1. Day Sales Outstanding (DSO), Days Inventory Outstanding (DIO) and Days Payable Outstanding (DPO) computed on the basis of sales. 2. Working Capital (WC) Cycle or Cash Conversion Cycle (CCC) Days = DSO + DIO - DPO ; All Working Capital Ratios calculated on the basis of last 3 Trailing Months Financials except for period ending March where annual numbers have been considered. 3. Cash & Cash Equivalents include Fixed Deposits ▪ Working Capital reduction by 5 days vs June 2026. ▪ Reported Net debt @ Rs. 133 Crs - vs. 156 Crs at 31-Mar-2026 and 173 Crs at 30-Sep-2025. ▪ Credit Ratings for working capital facilities reaffirmed recently by ICRA and CARE@ A+ during Q2. ▪ Leverage & available liquidity remains comfortable to support growth. Working Capital - Days Net Debt – Rs. Crs -27 -29 -29 -39 -38 52 38 46 62 50 11 21 21 19 25 36 30 38 42 37 31-Mar-25 30-Sep-25 31-Mar-26 30-Jun-26 30-Sep-26 DPO DIO DSO -226 -224 -197 -176 -183 80 72 49 46 42 310 325 304 271 274 164 173 156 141 133 31-Mar-25 30-Sep-25 31-Mar-26 30-Jun-26 30-Sep-26 Cash & cash Equivalent Long term borrowing - INR Long term borrowing - FCY
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Balance Sheet : Extract 12 Note : 1. Other Liabilities : Deferred Tax Liabilities, Provisions, Capex Creditors, Deferred income on Govt. grants (EPCG scheme), Statutory dues & provisions 2. Other Assets : Govt. grants receivable, Security Deposits and other advances. 3. Cash & Cash Equivalents include Fixed Deposits. Liabilities Actual Actual Actual Sep-25 Mar-26 Sep-26 Equity Share Capital 12.3 12.3 12.3 Other Equity 1,332.2 1,343.6 1,338.0 Net Worth 1,344.4 1,355.9 1,350.3 Borrowings 396.8 352.6 316.3 Trade Payables 123.6 117.8 167.5 Other Liabilities 217.7 203.1 203.4 Liability for Lease Assets 18.5 17.6 13.0 Total Liabilities 2,101.0 2,046.9 2050.5 Assets Actual Actual Actual Sep-25 Mar-26 Sep-26 Property Plant and Equipment 1,505.8 1,417.0 1,381.9 Lease Assets 28.9 28.0 23.6 Inventories 159.5 189.3 220.8 Trade Receivables 89.9 88.3 110.2 Cash & Cash Equivalents 224.0 196.9 183.3 Other Assets 92.9 127.4 130.7 Total Assets 2,101.0 2,046.9 2050.5
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Shareholding Pattern – 30 Sep 2026 vs 31 Mar 2026 13 Promoter Group 53% FII 1% DII 29% Public/Others 17% Promoter Group 54% FII 1% DII 26% Public/Others 19% Holding % as of 31-Mar-26 Holding % as of 30-Sep-26
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Company Initiatives
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6 News Channels – High-impact integrations—including Laptop Branding, L-Bands, J-Bands, and Co-Powered and Presenting Sponsorships during prime-time programming Strengthening Brand Presence 15 National Television outreach
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Strengthened our visibility across leading news channels during the live broadcast of the Prime Minister’s Independence Day address on 15 August, connecting with audiences across India on TV and digital platforms. Strengthening Brand Presence 16 Tactical presence LIVE at the PM address to the nation
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Industry Print Leadership 17 Strengthening Presence Across Leading Trade Publications Sustained presence in leading trade publications.
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Trade Exhibitions 18 Showcasing Innovation on India's Biggest Stage – Bharat Buildcon 2026 Showcased our innovative wood panel solutions at India’s biggest building materials and construction exhibition, strengthening business connections over the 3-day event.
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HONORING PARTNERSHIPS 19 Privilege Club tour 2026 Over 180 Greenpanel Privilege Club partners travelled to Hong Kong and Macau for the programme’s 2nd international edition. A grand Rewards & Recognition event honoured our partners’ achievements. The tour celebrated shared success and strengthened valued partnerships.
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ONE JOURNEY. ONE SPIRIT. ONE VOICE 20 Launch of Greenpanel Anthem – “Hum Hai Greenpanel” The Greenpanel Anthem, “Hum Hai Greenpanel,” was unveiled during the Privilege Club’s Rewards & Recognition event. Celebrating Greenpanel’s journey and the people who have shaped it.
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Continuing Our Commitment to Trade 21 Activations Across 900+ Retail Outlets 4000+ Mobile Holders 1500+ Garden Umbrellas 5000+ Monsoon Umbrellas 500+ Independence day mementos 1000+ Raincoats distributed 150+ Hamper box for PC members
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Expanding Our Market visibility 22 • 3.5K+ Dealer Brandings • 300+ In-Shop Brandings • 2.5L sq. ft. Wall Paintings • 100+ Wall Wraps • 15+ Hoardings • 200+ Carpenter & Contractor Meets
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Partnerships 23 Plant a Sapling drive with RVR Blue Bulls Partnered with RVR Delhi Blue Bulls for IGPL 2026 through the ‘Birdies for Trees’ initiative, committing to plant one sapling for every birdie scored by the team during the season.
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Digital First 24 Driving Reach, Engagement & Performance 29.2K+ Followers Increase in followers since June: 1566 Impression: 173K+ | Reaction: 3220 49K+ Followers Increase in followers since June: 3.2K+ Reach: 6.1M+ | Views: 12.3M+ | Engg: 10K+ 18.6K+Followers Increase in followers since June: 1.2K+ Reach: 7.1M+ | Views: 10.4M+ | Engg: 267.4K+ 20.4M+ Audience Impressions 5.8M+ Audience Reached 450+ Qualified Leads 125K+ Website Visits 170K+ Search Impressions 172K+ Page Views 705K+ User Events 380K Audience Engagement
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Media Coverages 25 Plant a Sapling Drive Bharat Buildcon 2026 Greenpanel Anthem Privilege Club Tour • Total Media Coverage:120+ • Total Reach: 3.6 Cr • Total Media Coverage:187+ • Total Reach: 17.93 Cr • Total Media Coverage:185+ • Total Reach: 11.04 Cr • Total Media Coverage:178+ • Total Reach: 11.5 Cr Generating Organic Media Coverages
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CSR Drive 26 Our CSR efforts focused on improving healthcare infrastructure, promoting health awareness in villages and supporting rural healthcare through essential resources.
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Awards & Recognitions 27 Reinforcing Trust. Celebrating Excellence • Continued to be recognized as one of the Most Trusted Brands 2026–27 by Team Marksmen Daily. • Featured by Silicon Homes Magazine among the Top 10 Wooden Flooring Brands.
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Thank You Mr. Himanshu Jindal - CFO Mr. Ashish Kapur - DGM-Finance Greenpanel Industries Limited DLF Downtown, Block 3, 1st Floor, DLF Phase III, Sector 25A, Gurugram 122002, Haryana Contact: +91-124-4784600 Website: www.greenpanel.com Mr. Gavin Desa CDR India Contact: +91-22-6645 1237 Email: gavin@cdr-india.com