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Greenply October-December net profit up 2% at Rs 21.3cr

Net sales for the quarter under review was down a marginal one per cent on-year at Rs 344.9 crore, the company said in a statement.

February 11, 2020 / 07:57 PM IST
 
 
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Greenply Industries Ltd on Tuesday reported a net profit of 21.3 crore for the December quarter, an increase of 2.3 per cent over the corresponding period a year ago.

Net sales for the quarter under review was down a marginal one per cent on-year at Rs 344.9 crore, the company said in a statement.

Consolidated EBITDA was also lower by 0.7 per cent year-on-year to Rs 39.9 crore in the October-December period.

Greenply claimed to command a 26-per cent market share in the organised plywood market.

"We continue to make progress in all our Tier 1, 2 and Tier 3 brands and are encouraged by the response to our lower priced brands," it said in the statement.

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"The government making efforts and plans for stricter implementation of GST and e-way bill will help the organised industry," Greenply Chairman and Managing Director Rajesh Mittal said.
PTI
first published: Feb 11, 2020 07:54 pm

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