<ul><li>Greenpanel's Q4 results showed a muted operational performance offset by an EPCG grant, with plywood revenue declining by 5% YoY predominantly due to a drop in sales volume.</li><li>Despite a decline in MDF revenue by 15% YoY, driven by a drop in sales volume, export volumes increased by 34%, while domestic volumes decreased by 25% YoY.</li><li>Realizations improved for Greenpanel, with a 6% YoY increase due to better domestic and export realization rates.</li><li>IDBI Capital maintains a 'Hold' rating as the new MDF facility has started operations and is expected to reach 35% capacity utilization by FY26.</li></ul>

Greenpanel Q4 Results Review: Muted Operational Performance Offset By EPCG Grant; IDBI Capital Maintains Hold

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