Business Daily from THE HINDU group of publications
Thursday, Jan 24, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Jan 24, 2008 ePaper | Mobile/PDA Version |
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Corporate Results
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Interiors & Homes Greenply Ind net up 50% New Delhi, Jan 23 Greenply Industries Ltd (GIL), a manufacturer of plywood, particle board, has posted 50 per cent rise in its net profit at Rs 9.80 crore for the third quarter ended December, 2007 as against Rs 6.54 crore the corresponding period last year. The net revenues for the latest quarter stood at Rs 139.19 crore an increase of 39 per cent as compared to Rs 99.79 crore. EBIDTA (excluding other income) margin for the quarter stood at Rs 21.04 crore as against Rs 14.33 crore, registe ring an increase of 47 per cent. Mr Saurabh Mittal, Joint Managing Director, Greenply Industries Ltd, said “We have been market leaders and this quarter’s results only reconfirm the fact that we are consolidating and strengthening our position. We are heading towards our annual target and based on our current growth performance I am confident that we are on the right track in garnering a bigger slice of the market share.” – Our Bureau More Stories on : Interiors & Homes
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