Greenply Industries Limited, one of India’s largest interior infrastructure brands with over 30 years of experience in manufacturing a comprehensive range of plywood, block boards, decorative veneers, flush doors, and other allied products, reported consolidated revenue from operations of Rs 469.15 crore in the fourth quarter ended March 31, 2023 which is a significant rise from Rs 428.18 crore in the last quarter, and on the corresponding period last year it was Rs 448.55 crore.
On the yearly basis the company reported the revenue from operations of Rs 1845.62 from Rs 1562.80 crore last year. The net profit of the company has dropped from Rs 94.72 crore to Rs 91.43 crore on yearly basis and on quarterly basis from Rs 36.04 crore to Rs 11.06 crore. Last year the company had earned Rs 28.97 crore in the Q4 2022.
Marking a significant development in the wood panel industry, Greenply Industries, has flagged off the 1st dispatch of its newly launched product Greenply MDF from its recently commissioned plant in Vadodara district, Gujarat. The plant has been reported to compete in one and half years from its conceptualization to construction to trial production and dispatch of the material.
Commenting on the launch, Mr. Sanidhya Mittal, Joint Managing Director, Greenply Industries Limited said, “Greenply is already a leading brand in the plywood sector and venturing into the MDF business is a natural progression. This is one the most ambitious project for us at Greenply that we have completed it in just 15 months. We are extremely elated to have made our first dispatch and looking forward to a positive customer feedback.”