Greenply Industries reports consolidated PAT of Rs. 31.9 cr in Q2 FY22

New Delhi, November 10, 2021: Greenply Industries Limited on Tuesday, announced its unaudited financial results for the quarter ended September 30, 2021.

The company 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).

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.”.