Greenply Industries saw a notable 3% jump in its shares following the release of its fourth-quarter results, despite facing a 41.6% drop in net profit.
The company’s net profit for the quarter stood at ₹17 crore, down from ₹28 crore in the previous year. However, there were positive signs in other key financial metrics, with the company reporting a healthy 8.2% year-on-year growth in revenue, which reached ₹649 crore compared to ₹600 crore in the same period last year.
In addition, Greenply’s EBITDA grew by an impressive 18.2%, reaching ₹68 crore, up from ₹58 crore in the previous year. This translated into an improved EBITDA margin of 10.5%, compared to 9.6% in Q4 of the previous year.
Greenply Industries’ shares opened at ₹290.00, reaching a high of ₹302.00 and a low of ₹290.00 during the trading session. The stock has seen a 52-week high of ₹411.95 and a 52-week low of ₹230.00.
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