Greenpanel Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 06, 2022 at 05:16 am EDT
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Greenpanel Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 4,700.77 million compared to INR 3,887.92 million a year ago. Revenue was INR 4,737.47 million compared to INR 3,907.9 million a year ago. Net income was INR 805.92 million compared to INR 564.55 million a year ago. Basic earnings per share from continuing operations was INR 6.57 compared to INR 4.6 a year ago. Diluted earnings per share from continuing operations was INR 6.57 compared to INR 4.6 a year ago.
For the full year, sales was INR 16,250.39 million compared to INR 10,207.55 million a year ago. Revenue was INR 16,339.98 million compared to INR 10,242.03 million a year ago. Net income was INR 2,404.67 million compared to INR 688.08 million a year ago. Basic earnings per share from continuing operations was INR 19.61 compared to INR 5.61 a year ago. Diluted earnings per share from continuing operations was INR 19.61 compared to INR 5.61 a year ago.
Greenpanel Industries Limited is an India-based manufacturer of wood panels. The Company is primarily engaged in manufacturing of plywood, plain and pre-laminated medium density fiberboards (MDF) boards and allied products. It also produces doors and veneers to service domestic and international customers. The Companyâs products categories include club grade, medium density fiberboard, flooring, plywood and blockboard, veneers and doors. The Company operates through two segments: Plywood and allied products and Medium density fibreboards and allied products. The Companyâs plywood and blockboard products include Greenpanel Club Plywood, Greenpanel Boiling Water Proof (BWP) Plywood, Greenpanel Moisture Resistant (MR) Plywood, Greenpanel Gold BWP Plywood, Greenpanel Accurate Plywood, GPRO 710 plywood, Greenpanel BWP Blockboard, Greenpanel MR Blockboard and Greenpanel Accurate Plywood, among others.