Greenply records 22.20% growth in the first quarter of Financial Year 2012-13
08/27/2012

Greenply Industries Ltd, the leader in India’s interior infrastructure industry has released its quarterly results for the financial year 2012-13.

Online PR News – 27-August-2012 – New Delhi – Greenply Industries Ltd, the leader in India’s interior infrastructure industry has released its quarterly results for the financial year 2012-13. According to the financial report, the company has posted net sales of Rs 430.54 crore for Q1 FY 2012-13, a growth of 22.20% as against Rs 352.32 crore posted in the same period of the last fiscal.
Net Profit for the quarter recorded a growth of 38.66% at Rs 17.97 crore, as compared to Rs 12.96 crores posted in the corresponding quarter of last fiscal. This growth is a result of the outstanding performances by the new MDF and Laminate facilities at Pantnagar, Uttarakhand and Nalagarh, Himachal Pradesh respectively. Earnings per share (diluted) for Q1FY13 stood at Rs 7.44, as compared to Rs 5.37 in Q1FY12.
EBIDTA (excluding foreign currency gains / losses and other income) was up by 33.92% at Rs 56.69 crore as compared to Rs 42.33 crore in the same quarter of previous year.
EBIDTA Margin was up by 114 basis points at 13.16% vs. 12.02% year-on-year.
Earnings Per Share (EPS) on diluted basis for Q1FY13 was Rs 7.44 as compared to Rs 5.37 in Q1FY12.
According to Mr. Saurabh Mittal, Joint Managing Director & CEO, Greenply Industries ,"We have achieved a growth of 22% and 39% in Net Sales and Net Profits respectively during the year and we expect better results in future on achieving optimum utilisations and better value-mix in the new MDF and Laminate plants.”