E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Press Room

Greenpanel Industries Expect Double Digit Volume Growth In MDF & Plywood

Greenpanel Industries Expect Double Digit Volume Growth In MDF & Plywood

BY Realty Plus
Published - Friday, 18 Aug, 2023
Greenpanel Industries Expect Double Digit Volume Growth In MDF & Plywood

Greenpanel Industries, one of the largest MDF and plywood-makers in India, is expecting to maintain its EBITDA margin guidance of around 23–25 per cent for the MDF segment and 8–10 per cent in plywood for FY24.  It is targeting a double digit volume growth of 12-15 per cent in MDF; and 8–10 per cent in plywood.

The company’s Q1 was impacted by increased brand spends, loss of production and sales volume due to the maintenance shutdown at Rudrapur (Uttarakhand) — which hit the bottomline and increased maintenance costs. This apart, there was a steep fall in export realisations and a drop in raw material costs, which saw the profit-after-tax halve on a y-o-y basis to Rs 37 crore.

For the April–June period, the EBITDA margin (earnings before interest, tax, depreciation and amortisation) was 18.7 per cent. In terms of volumes, the MDF sales (accounting for 88 per cent of turnover) fell by 13 per cent at Rs 340 crore; while plywood sales volumes dropped by 37 per cent.

The new offerings, which come at 7-8 per cent lower cost, are expected to have a 15–20 per cent contribution towards volumes (on a full year basis). Mix of value-added products was around 54 per cent in Q1 (higher than Q4FY23). The target is to take value-added products to be in the 65 per cent range in the medium term.

RELATED STORY VIEW MORE

Make Your Kitchen Island Modular
Aesthetics Built For Performance
An Innovative Curriculum For Design Students

TOP STORY VIEW MORE

Supreme Infrastructure Wins Rs 450 Cr Turnkey Contract for PAP Housing

Supreme Infrastructure India Ltd (SIIL), EPC & infrastructure company, has secured a Rs 450 Cr turnkey construction contract for the development of a PAP housing in Powai.

25 June, 2025

NITCO Strengthens Partnership with New Rs 45 Cr Order from Prestige Group

25 June, 2025

India’s Sunkind Energy Partners with Global Leader ConfirmWare

25 June, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website