Plywood maker Greenply Industries today reported over two-fold jump in standalone net profit to Rs 34.97 crore for the quarter ended March 31, 2013.
The company had a standalone net profit of Rs 16.26 crore in the January-March quarter of the previous fiscal 2011-12.
Greenply's net sales rose to Rs 540.68 crore in the fourth quarter ended March 31, 2013, from Rs 458.37 crore in the year-ago period, it said in a filing to BSE.
For the financial year ended March 2013, Greenply posted a profit of Rs 114.16 crore. For 2011-12 fiscal, it was Rs 53.40 crore.
Greenply's net sales in 2012-13 were Rs 1,997.69 crore against Rs 1,642.27 crore in fiscal 2011-12.
Meanwhile, in a separate filing, Greenply has informed BSE that its Board of Directors has recommended final dividend of Rs 3 per equity share of Rs 5, which would be subject to approval of shareholders.
Shares of the company were trading at Rs 447 per share in afternoon, up 2.18% from previous close on BSE.
