Greenply Industries Ltd. announces its Q3FY13 Results with Net Sales up by 21.80% @Rs. 509.26 crores

Greenply Industries Ltd., leader in India’s interior-infrastructure industry, today reported net sales for the quarter ended December 31, 2012.

Online PR News – 31-January-2013 – 30th January,2013 , New Delhi – New Delhi, 23 January, 2013: Greenply Industries Ltd., leader in India’s interior-infrastructure industry, today reported net sales of Rs. 509.26 crores for the quarter ended December 31, 2012, registering a growth of 21.80% as against Rs. 418.10 crores posted in the corresponding quarter of the last fiscal.
Net Profit for the quarter increased by 108.45% to Rs. 29.37 crores compared to Rs. 14.09 crores posted in the corresponding quarter of last fiscal. This was primarily due to improved performance in the MDF segment and overall improvement in realisations and product-mix in all the business segments.
Operating Profit (EBIDTA excluding Other Income and currency losses) for the quarter was up by 36.74% at Rs 66.85 crores as compared to Rs 48.89 crores earned in Q3FY12.
EBIDTA margin (excluding foreign currency gains) increased by 144 basis points to 13.13% compared to 11.69% in the corresponding quarter of the previous year
Net Profit margin for Q3FY13 stood at 5.77% compared to 3.37% in the corresponding quarter of the previous year.
Earnings per share (diluted) for Q3FY13 stood at Rs. 12.17, as compared to Rs. 5.84 in Q3FY12
For the nine months period ended 31st December, 2012, Net Sales grew by 23.07% at Rs 1457.01 crores, Net Profit grew by 113.16% at Rs 79.19 crores and EBIDTA rose by 39.47% at Rs 193.94 crores. EBIDTA margin improved by 156 basis points to 13.31% compared to 11.75% in the corresponding period last year.
Reflecting on the results, Mr. Saurabh Mittal, Joint Managing Director & CEO, Greenply Industries Limited said, “We have achieved a growth of 23%, 113% and 39% in Net Sales, Net Profits and Operating Profits respectively during the current nine months period. We will continue to focus on improving capacity utilisations and product mix across all business segments. We are focused on reducing working capital and debt to improve profitability; however results will depend on improvements in the economy. The macro environment continues to be challenging in both domestic as well as international markets with volatility in raw material prices and currency, high interest rates and liquidity.”

Bookmarkse-mailGoogledel.icio.usStumbleUponSlashdotFurlDiggTechnoratiYahooMyWebBlinkListSpurlRawSugarWists
 
 
Contact Information
Varun Seth
Greenply Industries Ltd.
1501-1505, Narain Manzil, 23,Barakhamba Road New delhi - 110001
New Delhi Delhi, 110001

011-42791300