Greenpanel Industries (GREENP) consolidated revenue declined 12.8% YoY in Q2FY24, as MDF revenue fell 10.3% YoY while plywood revenue declined 29.3% YoY. Blended MDF volume declined 2.1% YoY (4-year CAGR of 18.6%), as domestic volumes fell 9.1% YoY (4-year CAGR of 18.4%) impacted by higher imports.