Shares of Greenply Industries Ltd were up 2.31% at ₹340.50 in early trade on Tuesday after the company reported its financial results for Q1FY26.
The company’s net profit declined 14.3% year-on-year to ₹28.46 crore from ₹33.20 crore a year ago. However, revenue showed a healthy growth of 11.5% YoY, rising to ₹600.81 crore from ₹538.88 crore in the same quarter last year.
Despite the pressure on the bottom line, the stock moved higher, likely supported by the double-digit revenue growth and overall recovery optimism in the plywood and building materials segment.
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