Greenpanel Industries Limited submitted the Investor Presentation for the quarter ended Septembert 30, 2026

GPIL/2026-27 November 2, 2026 BSE Limited Na(cid:415)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: Investor Presenta(cid:415)on on the unaudited financial results for the quarter and half year ended September 30, 2026 Pursuant to Regula(cid:415)on 30 of the Securi(cid:415)es and Exchange Board of India (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, please find enclosed the Investor presenta(cid:415)on on the unaudited financial results of the Company for the quarter and half year ended September 30, 2026. The Investor Presenta(cid:415)on is also being made available on the Company's website at h(cid:425)ps://www.greenpanel.com/Investor-Rela(cid:415)ons/Investor-Rela(cid:415)ons- Detail.aspx?tab=financial+results+presenta(cid:415)on Kindly take the above informa(cid:415)on on record. Thanking you, Yours Faithfully, For Greenpanel Industries Limited Company Secretary and Compliance Officer ACS: 18675 Encl.: As above Greenpanel Industries Limited Q2FY27 & 1HFY27 Results Presentation Disclaimer 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. Financial & Operational Highlights Q2FY27 & 1HFY27 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 Manufacturing Footprint 2,16,000 CBM 9 Mn SQM Existing MDF Capacity Plywood Capacity Rudrapur, Uttarakhand Tirupati, Andhra Pradesh 6,75,000 CBM Thin MDF Capability Added Expanded MDF Capacity Manufacturing capability for thin MDF panels catering to emerging applications and growing market demand. Map not to scale Volume Growth % – 1HFY27 Retail MDF Exports MDF +21% +17% +19% -100% -32% -65% (YoY) (YoY) (YoY) (YoY) (YoY) (YoY) Q1FY27 Q2FY27 1HFY27 Q1FY27 Q2FY27 1HFY27 -14% -39% -30% +10% +8% +9% (YoY) (YoY) (YoY) (YoY) (YoY) (YoY) Q1FY27 Q2FY27 1HFY27 Q1FY27 Q2FY27 1HFY27 OEM MDF Plywood Highest Ever Retail Sales achieved during Q2FY27 Q2FY27 – MDF: Domestic & Exports …(1/2) Volume (K CBM) Realisation (Rs. Per CBM) Revenue (in Crores) +0.2% +13.4% +3.6% -6.8% +3.8% +5.8% 113 113 100 31,758 323 317 335 28,587 29,608 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 -32.3% NA +49.7% NA +1.4% NA 33,905 32 32 r 10 p 22,644 0 NA 0 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY27 – Total MDF …(2/2) Volume (K CBM) Realisation (Rs. Per CBM) Revenue (in Crores) -3.4% +23.0% +7.2% -5.7% +3.6% +16.0% 355 367 127 123 31,758 317 29,942 100 27,927 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Operating EBITDA Margin (%) Capacity Utilisation (%) 10.7% 53% 55% 10.3% 51% 7.8% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY27 – Plywood Volume (K SQM) Realisation (Rs. Per SQM) Revenue (in Crores) +8.4% +16.5% +5.8% +3.3% +14.7% +20.3% 249 255 263 40 1514 1398 35 1300 33 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 EBITDA Margin (%) Capacity Utilisation (%) 4.6% 4.7% 2.7% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 GPIL Financial Performance – Q2FY27 & 1HFY27 Vs Vs Vs Captions (Rs. Crore) Q2FY26 Q1FY27 Q2FY27 1HFY26 1HFY27 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 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. Working Capital Cycle & Debt Profile Working Capital - Days Net Debt – Rs. Crs 42 164 173 37 156 36 38 141 133 30 19 11 21 21 310 325 271 274 52 46 50 80 72 49 46 42 -27 -29 -29 -39 -38 -226 -224 -197 -176 -183 31-Mar-25 30-Sep-25 31-Mar-26 30-Jun-26 30-Sep-26 31-Mar-25 30-Sep-25 31-Mar-26 30-Ju [Showing first 8,000 characters — download PDF for full document]