Riding on the back of higher capacity utilisation across its product segments, Greenply Industries Ltd posted a 220 per cent rise in net profit at Rs 32 crore for the quarter ended September 30, 2012, as compared with Rs 10 crore during the same period last year.
On a sequential basis, profits rose by 78 per cent from Rs 18 crore during the April-June 2012 quarter.
The shares of Greenply closed at Rs 297, up by 9.63 per cent, on the BSE on Monday.