The company said its net revenue from operations for the first quarter of the current fiscal was Rs 882.39 crore, indicating a marginal growth over the corresponding period’s earnings of Rs 881.48 crore.
The company launched a new mass brand called 'Sainik' in order to address the untapped 80 per cent of the approximately Rs 8,000 crore laminate market, a senior company official said.
The company reported a 3 per cent growth in revenue to Rs 877 crore for the quarter under review, compared to Rs 848 crore in the corresponding quarter of FY'22.
Its net profit on the standalone basis for the June quarter was at Rs 48.14 crore, an increase of 6 percent over corresponding period profit of Rs 45.36 crore, the company said in a statement. .
Ashwani Gujral of ashwanigujral.com recommends buying Piramal Enterprises, Century Ply and Caplin Point.
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes, Piramal Enterprises, Tata Communications, Tata Steel and Century Ply.
In FY17, midcaps have delivered 35 percent positive returns, as against nearly 19 percent by the Nifty.
Just Dial lost nearly 30 per cent, followed by Wockhardt which dropped 25 percent, Reliance Communication slipped 22 percent, and Tata Elxsi plunged 21 percent in the same period.
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.
Century Ply has announced its first quarter results. The company's Q1 consolidated net profit was down at Rs 13 crore versus Rs 43.6 crore, year-on-year, YoY.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.