Greenply Industries Q1 net profit up 25%

The company had reported a net profit of Rs 10.39 crore in the same period last fiscal.

Plywood maker Greenply Industries said its net profit rose by 24.73 per cent to Rs 12.96 crore for the quarter ended June 30,2011,over the same period previous fiscal.

The company had reported a net profit of Rs 10.39 crore in the same period last fiscal,Greenply Industries said in a statement.

The firm’s net sales stood at Rs 352.32 crore for the quarter ended June 30,2011,compared to Rs 262.07 crore in the same period last fiscal.

Story continues below this ad

Commenting on the results,Greenply Industries Joint Managing Director and CEO Saurabh Mittal said,”We expect better results in future on achieving optimum utilisations and superior value-mix in the new MDF and Laminate plants.”

Greenply manufactures decorative laminate,plywood,decorative veneers and MDF (medium density fiberboard).

Shares of Greenply Industries today closed at Rs 228 on Bombay Stock Exchange,down 2.63 per cent from its previous close.

Parthala flyover in Noida barely visible through a dense cover of smog

2 days after Diwali, Delhi continues to inhale ‘very poor’ air

Cities29 min ago

Residents in Delhi once again woke up to thick smog on Wednesday morning, with an AQI of 345 on October 22 at 5.30 am, falling in the ‘very poor’ category according to the Central Pollution Control Board (CPCB). This is the second consecutive day of deteriorating air quality in Delhi, after the national capital celebrated Diwali.

View all shorts

Live Blog

PHOTOS