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Hot Pursuit News

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(22 May 2024, 10:36)

Greenply Inds gains as PAT soars to Rs 28 cr in Q4 FY24

Greenply Industries advanced 2.08% to Rs 259.65 after the company's consolidated net profit surged to Rs 28.36 crore in Q4 FY24 as compared with Rs 11.07 crore in Q4 FY23.

Revenue from operations jumped 40.4% year on year (YoY) to Rs 599.79 crore in the quarter ended 31 March 2024.

Profit before tax from continuing operations stood at Rs 41.88 crore in March 2024 quarter, registering a growth of 50.7% YoY.

For Q4 FY24, adjusted core EBITDA grew 22.8% YoY to Rs 59.4 crore while EBITDA margin slipped to 9.9% from 11.3% posted in same quarter last year.

The company's plywood business reported revenue at Rs 468 crore in fourth quarter of FY24, up 9.4% on YoY basis. MDF business revenue increased 2% YoY to Rs 131 crore during the period under review.

Total expenses spiked 44.12% YoY to Rs 565.68 crore in the quarter ended 31 March 2024. Cost of materials consumed was at Rs 250.69 crore (up 70.25% YoY) and employee expense was Rs 68.12 crore (up ...

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