Greenpanel Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 05:25 am EDT
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Greenpanel 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 3,987.3 million compared to INR 4,572.89 million a year ago. Revenue was INR 4,055.3 million compared to INR 4,649.2 million a year ago. Net income was INR 410.03 million compared to INR 724.57 million a year ago. Basic earnings per share from continuing operations was INR 3.34 compared to INR 5.91 a year ago. Diluted earnings per share from continuing operations was INR 3.34 compared to INR 5.91 a year ago.
For the six months, sales was INR 7,849.16 million compared to INR 9,212.9 million a year ago. Revenue was INR 7,980.87 million compared to INR 9,361.71 million a year ago. Net income was INR 782.65 million compared to INR 1,500.6 million a year ago. Basic earnings per share from continuing operations was INR 6.38 compared to INR 12.24 a year ago. Diluted earnings per share from continuing operations was INR 6.38 compared to INR 12.24 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.