Greenpanel Q3 Profit Jumps 20%, Margins Double in 2026

Introduction to Q3 Performance

Greenpanel Industries Ltd. announced a robust operating performance for the third quarter ending December 2025. The company reported healthy revenue growth and a significant improvement in margins, which triggered a positive reaction from the stock market. The results highlight the company's ability to manage costs effectively while capitalizing on continued demand for its products.

Detailed Financial Performance

For the December quarter, Greenpanel's net profit increased by 20% year-on-year, reaching ₹10.2 crore compared to ₹8.5 crore in the same period last year. This growth was supported by a solid top-line performance. Revenue from operations grew 15.8% to ₹416.3 crore, up from ₹359.4 crore a year ago. The consistent revenue growth indicates sustained traction across the company's various product segments in the construction materials space.

Exceptional Margin Expansion

The standout element of the quarterly results was the company's operational efficiency. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) more than doubled, jumping to ₹41 crore from ₹17.3 crore in the corresponding quarter of the previous year. This substantial increase led to a sharp expansion in the EBITDA margin, which rose to 9.8% from 4.8%. This 500-basis-point improvement underscores the company's success in implementing better cost controls and achieving greater operating leverage.

Stock Market Reaction

Following the announcement of the strong quarterly numbers, shares of Greenpanel Industries experienced a significant rally. The stock touched an intraday high of ₹250, marking a surge of nearly 14%. However, it later pared some of these gains due to profit-booking. By the afternoon session, the stock was trading at ₹234 on the NSE, still up by a respectable 6.84%, or ₹14.98, reflecting overall positive investor sentiment.

Key Financial Highlights for Q3 FY26

To provide a clear overview, the key financial metrics for the quarter are summarized below. The data shows a strong year-on-year improvement across all major parameters.

Company Profile and Market Position

Greenpanel Industries is India’s largest manufacturer of wood panels. The company operates state-of-the-art manufacturing facilities in Uttarakhand and Andhra Pradesh. Its product portfolio includes Medium Density Fibre Boards (MDF), Plywood, Block Boards, Veneers, Wood Floors, and Doors. As a market leader in the MDF segment, Greenpanel plays a crucial role in the wood and wood products industry. The company was de-merged from Greenply Industries in 2018 and listed on the stock exchanges in October 2019.

Analysis of Performance Drivers

The significant improvement in profitability was not solely due to higher sales but also a result of strategic operational management. The expansion in margins suggests that the company has successfully managed its input costs and overheads. This efficiency is critical in a sector where raw material prices can be volatile. The unchanged promoter holding of 53.13% in the December 2025 quarter also indicates continued confidence from the core ownership group in the company's long-term strategy.

Outlook and Conclusion

Greenpanel Industries' third-quarter results demonstrate a healthy combination of revenue growth and enhanced profitability. The doubling of its operating margin is a key positive that signals strong underlying fundamentals. While the stock price corrected slightly after its initial surge, the overall market response remains favorable. Looking ahead, investors will be watching to see if the company can sustain this margin performance and continue its growth trajectory in the coming quarters. The results position Greenpanel favorably within the competitive construction materials sector.