Greenpanel Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 30, 2023 at 09:27 am EST
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Greenpanel Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,201.59 million compared to INR 4,244.19 million a year ago. Revenue was INR 4,161.14 million compared to INR 4,266.97 million a year ago. Net income was INR 375.29 million compared to INR 630.75 million a year ago. Basic earnings per share from continuing operations was INR 3.06 compared to INR 5.14 a year ago. Diluted earnings per share from continuing operations was INR 3.06 compared to INR 5.14 a year ago.
For the nine months, sales was INR 13,414.49 million compared to INR 11,549.62 million a year ago. Revenue was INR 13,522.85 million compared to INR 11,602.51 million a year ago. Net income was INR 1,875.89 million compared to INR 1,598.75 million a year ago. Basic earnings per share from continuing operations was INR 15.3 compared to INR 13.04 a year ago. Diluted earnings per share from continuing operations was INR 15.3 compared to INR 13.04 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.