Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q3 FY2025 Earnings Presentation
15 slides from Greenpanel Industries's earnings presentation, Feb 6, 2025
Slide 1: Cover letter to stock exchanges on investor presentation
GPIL/2024-25 February 6, 2025 BSE Limited Na onal Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street Plot no. C/1, G Block Mumbai – 400001 Bandra – Kurla Complex , Bandra (E), Mumbai – 400051 Scrip Code: 542857 Symbol: GREENPANEL Dear Sirs, Sub: Investo
Slide 2: Greenpanel Industries Limited: Financial Performance Q3 & 9M FY2025
Greenpanel Industries Limited India’s largest manufacturer of wood panels Financial Performance Q3 & 9M FY2025
Slide 3: Disclaimer
v Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Index
Index Contents Page Greenpanel’s snapshot 4 Overview by MD & CEO 5 Our Financial Performance 7 3
Slide 5: Greenpanel's snapshot
Greenpanel’s snapshot v Brand vision: We envision About us: Greenpanel is a Management: Greenpanel is led to maintain our Leadership prominent wood panel by Mr. Shiv Prakash Mittal, Position in the Panel player in India with a Executive Chairman, and Mr. Industry and supply best national leadership
Slide 6: Overview by MD & CEO
Overview by MD & CEO v “MDF domestic volumes were flat y- o-y and grew by 11% q-o-q. MDF EBITDA Margins at 5.1% were impacted by steep increase in wood prices. We maintained working capital discipline in a challenging quarter with net working capital at 36 and debtors at 5 days of turnover” 5
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF domestic sales volumes were flat YoY. “Net debt stood at ₹ 104 crores as on 31st MDF EBITDA at 5.1% was impacted by steep December 2024, inclusive of Rs 219 increase in wood prices. crores for expansion project.” “Plywood volumes fell by 17.1% y-o-y. “Widening distributio
Slide 8: Financial Highlights Q3 FY2025 v/s Q3 FY2024
Financial Highlights v Q3 FY2025 v/s Q3 FY2024 Key Ratios (%) Q3 FY2025 Q3 FY2024 Gross Margin 43.2 56.1 EBITDA Margin 5.0 17.3 EBIT Margin -0.5 12.6 Net Margin 2.4 9.0 Sales Promotion / Net Sales 0.7 2.2 Employee Expenses / Net Sales 9.6 8.7 Logistics Costs / Net Sales 5.7 5.4 EPS (₹) 0.69 2.82 7
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q3 FY2025 Q3 FY2024 Growth Net Sales (₹ Crores) 325.93 346.62 -6.0% EBITDA Margin 5.1% 19.6% EBIT Margin -0.5% 14.7% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 1,09,279 1,31,019 -16.6% Domestic Sales Volume (CBM) 96,099 96,673 -0.6% Expor
Slide 10: Segment Performance - MDF (9M)
Segment Performance - MDF (9M) Particulars 9M FY2025 9M FY2024 Growth Net Sales (₹ Crores) 953.52 1041.31 -8.4% EBITDA Margin 10.0% 20.1% EBIT Margin 4.3% 15.1% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 3,34,391 3,71,172 -9.9% Sales Volume (CBM) 3,36,694 3,57,714 -5.9% Capacity Utilis
Slide 11: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q3 FY2025 Q3 FY2024 Growth Net Sales (₹ Crores) 32.19 38.37 -16.1% EBITDA Margin 3.1% -4.1% EBIT Margin 0.0% -6.5% Annual Capacity (Mn Sqm) 9.00 10.50 Production (Mn Sqm) 0.99 1.63 -39.3% Sales Volume (Mn Sqm) 1.28 1.54 -16.9% Capacity Utilisation
Slide 12: Segment Performance - Plywood (9M)
Segment Performance - Plywood (9M) Particulars 9M FY2025 9M FY2024 Growth Net Sales (₹ Crores) 101.42 126.54 -19.9% EBITDA Margin 1.2% 1.4% EBIT Margin -1.8% -0.8% Annual Capacity (Mn Sqm) 9.00 10.50 Production (Mn Sqm) 3.29 4.48 -26.6% Sales Volume (Mn Sqm) 3.96 4.76 -16.8% Capacity Utilisation 49%
Slide 13: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q3 FY2025 Q3 FY2024 Inventory 55 46 Receivables 5 5 Payables 24 26 Net Working Capital 36 25 12
Slide 14: Greenpanel - Net Debt
Greenpanel - Net Debt Particulars (₹ Crores) Q3FY25 Q2FY25 Q1FY25 Q4FY24 Q3FY24 Gross Borrowings 271.39 297.37 280.84 267.96 84.54 Bank Balances 167.70 200.29 177.46 237.84 260.72 Net Borrowings 103.69 97.08 103.38 30.12 (176.18) 13
Slide 15: Thank you
Mr. Vishwanathan Venkatramani Chief Financial Officer Greenpanel Industries Limited Corporate Office: Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700 026 Contact: (+91) 97484 00606 / (+91) 033 4084 0600 Thank you Email: v.venkat@greenpanel.com Website: www.greenpanel.com Mr. Gavin D
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