Greenply Q2FY11 Net Sales up by 32.74% at Rs. 288.72 cr
Q2FY11 Net Sales up by 32.74% at Rs. 288.72 crores
Greenply Industries , leader in plywood and laminate industry in India, today 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.
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, Mr. 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."
Set email alert for
ADS BY GOOGLE
video of the day
See retail join party soon, earnings jump from Q4: Kotak MF