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Strong Q3 numbers boost Greenply Inds

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Capital Market
Last Updated : Jan 19 2016 | 10:32 PM IST

Greenply Industries rose 5.41% to Rs 726.20 at 15:17 IST on BSE after net profit rose 35.2% to Rs 35.34 crore on 8% growth in net sales to Rs 421.74 crore in Q3 December 2015 over Q3 December 2014.

The result was announced during market hours today, 19 January 2016.

Meanwhile, the S&P BSE Sensex was up 291.15 points or 1.2% at 24,479.52.

On BSE, so far 60,000 shares were traded in the counter as against average daily volume of 2,488 shares in the past one quarter. The stock hit a high of Rs 180.90 and a low of Rs 162.70 so far during the day. The stock had hit a 52-week low of Rs 152 yesterday, 18 January 2016. The stock had hit a 52-week high of Rs 225.90 on 25 May 2015. The stock had underperformed the market over the past one month till 18 January 2016, sliding 6.44% compared with Sensex's 5.22% fall. The scrip had also underperformed the market in past one quarter, declining 17.08% as against Sensex's 11.12% fall.

The small-cap company has equity capital of Rs 12.07 crore. Face value per share is Rs 1.

Greenply Industries' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 29.9% to Rs 64.51 crore in Q3 December 2015 over Q3 December 2014. EBITDA margin improved to 15.3% in Q3 December 2015 from 12.7% in Q3 December 2014.

Greenply Industries is a leader in the manufacturing and marketing of a wide range of interior infrastructure products.

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First Published: Jan 19 2016 | 3:16 PM IST

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