Categories AlphaGraphs, Earnings

Greenply Industries Ltd Q2FY24; 42% fall in Profits

Established in 1990, Greenply Industries Limited is amongst the leading plywood manufacturers in India with a 26% share of the organized market. Greenply offers a wide range of panel products including plywood, block boards, decorative veneers, doors, and film-faced plywood, among others.

Financial Results:

  • Greenply Industries Ltd reported Revenues for Q2FY24 of ₹608.00 Crores up from ₹495.00 Crore year on year, a rise of 22.83%.
  • Total Expenses for Q2FY24 of ₹591.00 Crores up from ₹463.00 Crores year on year, a rise of 27.65%.
  • Consolidated Net Profit of ₹14.00 Crores down 41.67% from ₹24.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.13, down 41.15% from ₹1.92 in the same quarter of the previous year.

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