Greenply Industries Net Sales up by 32.74%
Kolkata : Greenply Industries Ltd., a leader in plywood and laminate industry in India, on Wednesday reported net sales of Rs. 288.72 crores for the quarter ended September 30, 2010, registering a growth of 32.74% as against Rs. 217.51 crores posted in the same period of the last fiscal.
Net Profit for the quarter stood at Rs. 1.58 crores, as compared to Rs. 11.44 crores posted in the corresponding quarter of last fiscal. Earnings per share (diluted) for Q2FY11 stood at Rs. 0.65, on enhanced equity as compared to Rs. 6.73 in Q2FY10.
EBIDTA (excluding foreign currency gains/losses and other income) for the second quarter was higher by 6.07% to Rs 28.63 crores from Rs 26.99 crores.
Reflecting on the quarter, Saurabh Mittal, Joint Managing Director & CEO, Greenply Industries Limited said, ? We have achieved a growth of more than 32% in the company?s existing plywood and laminates business during the second quarter and we expect better results in future on achieving optimum utilisations in the new MDF and Laminate plants.?
