Greenply Industries zooms 19% on strong operational performance in Q3

Shares of Greenply Industries, on Friday, surged 19 per cent to Rs 163.75, also its 52-week high, on the BSE in intra-day trade, after reporting a strong operational performance in the December quarter (Q3FY21).

Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) margins rose by 119 basis points year on year (YoY) to 12.8 per cent, on sustained focus on reducing overheads and making operations more efficient. The company said the margin was expected to improve post Covid-19 from FY22 with increase in revenue and cost rationalization measures.

The rising residential/ commercial construction, increasing urbanization, high disposable