Greenlam Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 28, 2023 at 10:08 am EDT
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Greenlam Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,036.42 million compared to INR 5,180.37 million a year ago. Revenue was INR 6,094.81 million compared to INR 5,232.29 million a year ago. Net income was INR 414.99 million compared to INR 292.36 million a year ago. Basic earnings per share from continuing operations was INR 3.27 compared to INR 2.33 a year ago. Diluted earnings per share from continuing operations was INR 3.27 compared to INR 2.33 a year ago.
For the six months, sales was INR 11,188.83 million compared to INR 9,886.49 million a year ago. Revenue was INR 11,287.35 million compared to INR 9,962.54 million a year ago. Net income was INR 744.13 million compared to INR 539.3 million a year ago. Basic earnings per share from continuing operations was INR 5.86 compared to INR 4.38 a year ago. Diluted earnings per share from continuing operations was INR 5.86 compared to INR 4.38 a year ago.
Greenlam Industries Limited is an India-based company, which is engaged in the business of manufacturing laminates, decorative veneers and allied products through its factories at Behror and Nalagarh. The Company manufactures compact panels, cladding solutions, restroom cubicle / locker solutions, kitchen solutions, decorative veneers, engineered wooden flooring, staircase solutions and engineered wooden door sets, in addition to a range of decorative laminates. It operates through three segments: Laminates & Allied Products, Veneers & Allied Products, and Plywood. Laminate & Allied Products segment is engaged in the business of manufacturing of laminates, compact laminates and other allied products. Veneer & Allied Products is engaged in the business of manufacturing of decorative veneers, engineered wood flooring, engineered door sets and door leaf, and other allied products. The overseas subsidiaries of the Company are mainly engaged in the marketing and distribution of its product.