Greenply Q4 Consol PAT Rises 156.28% to Rs 28.37 Cr

Greenply Industries on Wednesday, May 15 reported a soaring consolidated net profit of 156.28% for the quarter ended March 2024 to 28.37 crore rupees. The company's net profit for the quarter ended March 2023 stood at 11.07 crore rupees.

Key Takeaways from Greenply Industries: 

• Consolidated net profit rose 156.28% in Q4 FY24 to 28.37 crore rupees.
• Sales rose 40.40% to 599.79 crore rupees in the quarter ended March 2024.
• EBITDA stood at 61.45 crore rupees in March 2024 up 8.05%.

Sequentially, revenue from operations rose 40.40% to 599.79 crore rupees in the quarter ending March 2024 compared to 427.21 crore rupees in the corresponding quarter ending March 2023.

However, net profit for the full financial year declined 23.48% to 69.96 crore rupees in the year ended March 2024 compared with 91.43 crore rupees in the previous year ended March 2023. 

Revenue from operations rose 31.07% to 2,179.92 crore rupees in the year ended March 2024  against 1,663.15 crore rupees in the previous year ended March 2023.

Further, earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 61.45 crore rupees in March 2024 up 8.05% from 56.87 crore rupees in March 2023.   

About Greenply Industries Limited:

Greenply Industries Limited has a leadership position in the plywood industry with four manufacturing facilities spread across the country. The company provides world-class interior products for the domestic and global markets including plywood, MDF, block board, flush doors, and PVC products among others. It has a widespread presence in over 1100 cities, towns, and villages across 27 states and 6 union territories.

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