Greenply - How Green Is Your Portfolio

Greenply - Decorating Home As Well As Portfolio

Greenply Industries Limited (GIL), India's largest interior infrastructure company, has reported a revenue of Rs 73.49 crore for the quarter ended December 31, 2005, representing a growth of 49 per cent over the corresponding period last year. Net profit for the quarter also grew by 112 per cent to Rs 3.71 crore, while earning per share (EPS) increased to Rs 2.76 from Rs 1.06, company sources here today said. It said revenue for the nine months ended on December 31 grew by 54 per cent to Rs 206.59 crore, while net profit for the same period increased from Rs 4.41 crore to Rs 10.31 crore representing an increase of 134 per cent over the said period last year. The cumulative EPS for nine months stood at Rs 7.68 as against Rs 2.69 last year.

Greenply Industries reported 112 per cent growth in net profit at Rs 3.71 crore for the quarter ended december 2005. Revenue stood at Rs 73.49 crore for the quarter representing growth of 49 per cent over the year-ago period.EPS increased to Rs 2.76 from Rs 1.06. Revenue for the nine months ended December 2005 grew 54 per cent to Rs 206.59 crore. Net profit increased to Rs 10.31 crore from Rs 4.41 crore, up 134 per cent over the same period last year. The cumulative EPS stood at Rs 7.68 as against Rs 2.69 last year.

Saurabh Mittal, joint managing director, said, "We have been able to improve the margins through a blend of higher capacity utilisations, change in product mix, cost control, improved product visibility and buoyancy in the market. We are maintaining the top position and will retain it in future too. We now have a range of products that has given us the status of a one-stop manufacturer of all products related to plywood and boards, flush doors, decorative veneers, decorative laminates and pre-laminated MDF and particleboard," he said.