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Greenply Industries reports 61% fall in Q2 net profit

Greenply Industries has reported results for second quarter ended September 30, 2018.

The company has reported 60.80% fall in its net profit at Rs 14.26 crore for the quarter under review as compared to Rs 36.38 crore for the same quarter in the previous year. However, total income of the company marginally increased by 0.88% at Rs 451.04 crore for Q2FY19 as compared Rs 447.10 crore for the corresponding quarter previous year.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

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