Greenply Q2FY11 Net Sales up by 32.74% at Rs. 288.72 cr
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."
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