GREENPANEL

May 9 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• UKPCB IMPOSES 3.5 MILLION RUPEES ENVIRONMENT COMPENSATION ON CO

Source text: ID:nBSE6W5Qqy

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Feb 26 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• GREENPANEL INDUSTRIES - COMMISSIONING OF MDF PLANT IN TIRUPATI DISTRICT

• GREENPANEL INDUSTRIES - COMMENCED TRIAL PRODUCTION OF THIN MDF RANGE

Source text: ID:nnAPN2NZ8AP

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Feb 6 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• GREENPANEL INDUSTRIES DEC-QUARTER NET PAT 85 MILLION RUPEES

• GREENPANEL INDUSTRIES DEC-QUARTER REVENUE FROM OPERATIONS 3.59 BILLION RUPEES

Source text: ID:nBSE5MKyvg

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May 1 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• RE-APPOINTS SHOBHAN MITTAL AS MD AND CEO

• RE-APPOINTS SHIV PRAKASH MITTAL AS EXECUTIVE CHAIRMAN

• MARCH-QUARTER CONSOL NET PAT 298.1 MILLION RUPEES VERSUS PROFIT 689.3 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.97 BILLION RUPEES VERSUS 4.41 BILLION RUPEES

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** Shares of home improvement firms Century Plyboards (India) CNTP.NS and Greenply Industries GRPL.NS up 4.7% and 3.1%, respectively

** Brokerage Investec says CNTP its "top pick", followed by GRPL

** Building materials sector offers long growth pathway, profit pool for larger incumbents to grow forward - Investec says in note

** Adds, cost control critical due to high share of unorganised players; Century, Greenpanel Industries GREP.NS navigated well over FY19-23

** Investec recommends "buy" on Century and Greenply, "hold" on Greenpanel and Greenlam Industries GEEN.NS

** Brokerage retains rating order, expects gradual shift from unorganised to organised

** GREP up 1.4% while GEEN down 0.6%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Greenpanel Industries GREP.NS down as much as 3.6% to 335 rupees, their lowest since Nov. 23

** Stock posts sharpest intraday pct loss since Nov. 2

** Wood panels manufacturer said its operations at Chittor, Andhra Pradesh plant have been disrupted since Dec. 4 by Cyclone Michaung

** Adequate steps are being taken to ensure resumption of operations, co adds

** Cyclone Michaung hit India's southern coast, resulting into storms and flooding that killed at least 13 people

** Analysts' average rating for stock is equivalent of "buy", their median PT is 420 rupees - LSEG data

** Stock last down 1.4%, trimming YTD gains to ~1.5%

(Reporting by Manvi Pant in Bengaluru)

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Dec 5 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• TEMPORARY DISRUPTION OF OPERATIONS AT ANDHRA PLANT DUE TO CYCLONE

• OPERATIONS AT MDF PLANT DISRUPTED DUE TO CYCLONE MICHAUNG

• TAKING ADEQUATE STEPS TO ENSURE RESUMPTION OF OPERATIONS OF PLANT AT EARLIEST

• IMAPCT ON OPERATIONS AT MDF PLANT ANDHRA PRADESH

Source text for Eikon: ID:nNSE990L05

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** Shares of wood panel manufacturer Greenpanel Industries GREP.NS rise as much as 6.1% to 348 rupees, its highest pct gain since June 27

** More than 287,000 shares of co change hands in a block deal as of 3:16 p.m. IST at 328.95 rupees apiece - LSEG data

** More than 823,000 shares traded by 3:18 p.m. IST, 3.3x the 30-day avg

** Ten of 14 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell;" their median PT is 420 rupees - LSEG data

** Stock up 1% YTD

(Reporting by Aleef Jahan in Bengaluru)

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Nov 1 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• INDIA'S GREENPANEL INDUSTRIES SEPT-QUARTER CONSOL NET PAT 410 MILLION RUPEES VERSUS PROFIT 724.6 MILLION RUPEES

• GREENPANEL INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.99 BILLION RUPEES VERSUS 4.57 BILLION RUPEES

Source text for Eikon: ID:nBSEMbpYb

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July 28 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• INDIA'S GREENPANEL INDUSTRIES LTD JUNE-QUARTER CONSOL NET PAT 372.6 MILLION RUPEES VERSUS PROFIT 776 MILLION RUPEES

• GREENPANEL INDUSTRIES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.86 BILLION RUPEES VERSUS 4.64 BILLION RUPEES

Source text for Eikon: ID:nBSE7Bc4RL

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By Savio Shetty

June 13 (Reuters) - India's furniture industry will witness major changes with the entry of domestic organised and international players bringing in more automation, driving higher growth rates for the medium density fiberboard (MDF) sector, a top executive at Greenpanel Industries Ltd GREP.NS said on Tuesday.

"Automation will lead to higher growth rates for the MDF industry since it is a raw material produced in fully automated plants," Vishwanathan Venkatramani, chief financial officer at India's largest manufacturer of MDF said in an interview on the Reuters Trading India forum.

MDF - used widely in furniture, sports equipment and shoe heels - has lower structural defects as compared to plywood, which is produced in a labour-intensive environment, Venkatramani added. While MDF is primarily used in making furniture, other applications are also growing at a significant rate, he said.

The wood panel maker does not expect any major change in the current quarter which is normally a slow starter.

Demand is expected to pick up from July and the company is expecting a 12%-15% volume growth in fiscal year 2024 over 2023.

While plywood is facing demand constraints due to a slowdown in residential real estate, Venkatramani expects the outlook for premium plywood to improve significantly over the next two to three years. The company is projecting an 8%-10% volume growth for plywood in fiscal year 2024.

The Gurugram-based company recently reported tepid fourth-quarter earnings, due to lower margins in MDF export volumes and a cut in export realization. nL4N37512J

Greenpanel was one of the key beneficiaries during the COVID-19 pandemic as Indians' appetite for readymade furniture grew rapidly.

This fueled the company's stock price, which rallied 26 times from May 2020 to April 2022, eclipsing the near two-fold rise in the Nifty Midcap 100 index .NIFMDCP100 over the same period.

Overall, analysts currently have a bullish view on the stock, with eight out of 12 rating it a 'buy', according to Refinitiv Eikon data.

(Join Trading India, a chat room hosted on Refinitiv Messenger: https://bit.ly/3TNDwkC)

(Reporting by Savio Shetty in Mumbai; editing by Eileen Soreng)

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** Greenpanel Industries Ltd's shares GREP.NS fall 3.8% to 298.10 rupees, dropping below their 100-day simple moving avg

** The wood panels maker reports 14% YoY fall in Q4 net profit, with rev down 6%; core profit slid 45%

** Co says high export volumes with price cuts, steep rise in raw material costs, higher brand spends hit profit

** The avg rating of the 12 analysts tracking GREP is "buy", with a median TP of 459 rupees -Refinitiv data

** Stock now down 11.5% YTD, following a 19.6% drop in 2022

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 20 (Reuters) - Greenpanel Industries Ltd GREP.NS:

• MANUFACTURING OPERATIONS OF MDF PLANT SITUATED AT RUDRAPUR, UTTARAKHAND HAVE RESUMED

Source text for Eikon: ID:nBSE2HXlFW

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