Greenply Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Financial Guidance for the Fourth Quarter of Fiscal 2017
January 24, 2017 at 02:36 pm IST
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Greenply Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of INR 3,844.976 million, profit from operations before other income, finance costs and exceptional items of INR 363.348 million, profit from ordinary activities before tax of INR 358.038 million and net profit of INR 240.013 million or INR 1.96 per diluted share (before and after extraordinary items) compared to net sales of INR 4,337.230 million, profit from operations before other income, finance costs and exceptional items of INR 520.612 million, profit from ordinary activities before tax of INR 459.801 million and net profit of INR 351.659 million or INR 2.91 per diluted share (before and after extraordinary items) reported in the same period last year.
For the nine months, the company reported net sales of INR 12,925.262 million, profit from operations before other income, finance costs and exceptional items of INR 1,387.824 million, profit from ordinary activities before tax of INR 1,302.781 million and net profit of INR 932.033 million or INR 7.66 per diluted share (before and after extraordinary items) compared to net sales of INR 12,471.759 million, profit from operations before other income, finance costs and exceptional items of INR 1,391.001 million, profit from ordinary activities before tax of INR 1,183.545 million and net profit of INR 895.028 million or INR 7.42 per diluted share (before and after extraordinary items) reported in the same period last year.
For the fourth quarter of fiscal 2017, the company expects a better performance.
Greenply Industries Limited is an interior infrastructure company. The Company is primarily involved in manufacturing of plywood and trading of plywood and allied products. The Companyâs product offerings include plywoods and blockboards, decorative veneers, flush doors, specialty plywood, polyvinyl chloride (PVC) products, and Medium-Density Fibreboard (MDF). It offers an array of plywoods and blockboards under the brand names of Green, Optima G, Ecotec, Bharosa Ply and Jansathi. The Company offers a range of decorative veneers under the brand names of Wood Crrests, Royal Crown, Kohl Forest, Burma Teak, and Engineered Veneers. The Company also offers various types of flush doors under the brand names of Green, Optima G, and Ecotec. The Company produces specialty plywood for a variety of requirements, ranging from automobiles, railways to construction-specific uses for building structures. The Company markets PVC boards, doors, and plastic sections under the Green Ndure brand.
Greenply Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Financial Guidance for the Fourth Quarter of Fiscal 2017