Greenply Industries Limited reports consolidated PAT of Rs. 31.9 cr (standalone PAT of Rs. 29.5 cr) in Q2 FY22

The Board of Directors of Greenply Industries Limited met on Tuesday, 9th November 2021 to consider the unaudited financial results of the company for the quarter ended 30^th September 2021.

Greenply Industries Limited, one of India’s largest interior infrastructure companies, has reported a consolidated profit after tax (“PAT”) of Rs. 31.9 crore during the quarter ended September 30, 2021, as compared to Rs. 18.6 cr during the corresponding quarter of last year. The standalone PAT is

at Rs. 29.5 cr during Q2 FY 2022 as compared to Rs 14.3 Cr in the corresponding period of last year. Total consolidated income for the quarter ended September 30, 2021 is at Rs 434.4 Cr as against Rs 296.7 Cr recorded during the quarter ended September 30, 2020. The net sales during the quarter have increased by 46.2 % (consolidated) & increased by 57.8 % (standalone) Y-o-Y to Rs. 430.8 cr (consolidated) & 374.6 cr (standalone). The earnings before interest, tax, depreciation and amortisation (EBITDA) has increased by 54.4 % (consolidated) & increased by 82.3 % (standalone) Y-o-Y to Rs. 51.7 cr (consolidated) & Rs 45.7 cr (standalone).

Mr. Manoj Tulsian, Joint Managing Director and CEO, Greenply Industries Limited, said” After the slow offtake in Quarter 1 due to COVID related supply side constraint, we have bounced back in Q2 and achieved highest ever quarterly sales. The improvements were all across the operating parameters i.e. improvement in operating margins, working capital management & debt reduction etc. Assuming no major shock in external environment, we are more then confident to continue this trend for 2nd half as well”.