Greenply Industries’ board gave its approval for the demerger of company's MDF division into Greenpanel Industries. In an interview to CNBC-TV18, V Venkatramani, CFO of the company spoke about the latest happenings in his company and sector.
We are doubling our capacity in decorative veneers with a new plant in Gujarat, V Venkatramani, CFO of Greenply Industries said.
In an interview to CNBC-TV18, Shobhan Mittal, Joint MD of Greenply Industries spoke about the goods and services tax (GST) and their plans in the medium density fiberboard (MDF) segment.
In an interview with CNBC-TV18, Shobhan Mittal, Joint MD of Greenply said that the plywood division is functioning at 116 percent and medium density fibreboard (MDF) is at 109 percent capacity.
In an interview to CNBC-TV18, Shobhan Mittal, Joint MD of Greenply Industries spoke about raising fund via qualified institutional placement (QIP) and the plan ahead.
The company will grow 12-15 percent both in volumes and revenues in medium-density fibreboard (MDF) for FY17, says Shobhan Mittal, Joint MD, Greenply Industries. Â
Rushil Decor has two new plants coming in Southern India and production will come in within 2-3 years, says MD Krupesh Thakkar.
Greenply Industries‘Joint MD Shobhan Mittal says weak demand conditions last year led to modest 6 percent YoY revenue growth for FY16.
The company will increase capacity utilisation to 115 percent from 100 percent with product mix and better products, says Shobhan Mittal, Joint MD, Greenply Industries.
V Venkatramani, CFO, Greenply Industries, says the current capacity utilisation is 95 percent and margins would improve by 250 basis points as utilisation levels improve.
Shobhan Mittal, Joint MD Of Greenply Industries expects the company to rise by 100 basis points (bps) on the margins front this year.
In an interview with CNBC-TV18, Shobhan Mittal, joint Managing Director of Greenply, said despite slow demand in FY16Q1, revenue is expected to grow 10-12 percent year-on-year.
Shobhan Mittal, Joint MD, Greenply Industries, discusses company's performance for the fourth quarter and future outlook.
In an interview with CNBC-TV18‘s Mangalam Maloo and Reema Tendulkar, Shobhan Mittal - Joint Managing Director of Greenply Industries, said the company will launch a natural veneer, which should help the company earn total revenues of about Rs 35 crore in the next fiscal.
With 26 percent market share in organised market business, V Venkataramani, CFO, Greenply Industries anticipates Greemlam Industries to be listed by February 2015.
Saurabh Mittal of Greenply expects the company to maintain about 13 percent kind of operating margin going ahead.