News

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.

Consolidated financials at a glance
	Quarter Ended
	In Rs Crore
Particulars	30.09.2021	30.09.2020	Growth %
Net Sales	430.8	294.6	46.2%
Total Income	434.4	296.7	46.4%
Gross Profit	170.6	116.6	46.3%
PBT	41.9	23.0	82.2%
PAT	31.9	18.6	72.0%

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).

Standalone financials at a glance
	Quarter Ended
	In Rs Crore
Particulars	30.09.2021	30.09.2020	Growth %
Net Sales	374.6	237.4	57.8%
Total Income	378.8	239.9	57.9%
Gross Profit	143.5	94.1	52.5%
PBT	39.7	18.7	111.9%
PAT	29.5	14.3	107.1%

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.”.