Greenlam Industries Ltd., a leading player in the laminates and surface solutions industry, announced robust Q2 FY25 financial results, reflecting growth in both revenue and profitability.
Here is the consolidated results of the company –
For the quarter ending September 30, 2024, the company reported a year-on-year (YoY) revenue increase of 12.8% to ₹680.81 crore, compared to ₹603.64 crore in the same period last year. Sequentially, revenue grew by 12.6% from ₹604.71 crore in the previous quarter.
The net profit for Q2 FY25 stood at ₹34.44 crore, which actually represents a decrease of 11.6% year-on-year (YoY) from ₹38.97 crore in Q2 FY24. However, on a quarter-on-quarter (QoQ) basis, the profit grew by 73.3% from ₹19.89 crore reported in Q1 FY25. This performance indicates a recovery in profitability on a sequential basis, highlighting the company’s continued focus on operational efficiency.
As of 11:27 am the shares were trading 2.79% lower at ₹504.35 on NSE
