Greenlam Industries Limited announces Unaudited Consolidated Financial Results for Quarter Ended on 30th June, 2022. According to the report the net revenues from operations reported at Rs. 470.6 crores, from 336.13 crore last year to the corresponding period with growth of 40.0% on YoY basis. And the net profit reported at Rs. 24.6 crores, growth of 41.7% on YoY basis from Rs 17.33 crore last year to the corresponding period. Greenlam Industries Ltd is world’s top 3 laminate manufacturers with its flagship brands Greenlam Laminates, NewMika Laminates, Decowood Veneers, Mikasa Floors & Mikasa Doors & Frames.
Segment wise revenue from laminate and allied products was Rs 430.24 crore from Rs 309.63 crore, while from veneer and allied products the revenue was Rs 40.4 crore from Rs 26.5 crore from last year corresponding period. Similarlay the segment wise profit was Rs 67.04 crore and 3.20 crore from Rs 47.78 crore and Rs 3.63 crore to the corresponding period last year respectively.
In respect of setting up of greenfield project for manufacturing of 3.50 million laminate sheets/ boards per annum at Naidupeta, Nellore in Andhra Pradesh by Greenlam South is expected to start commercial production by Q4 of FY 2022-23. And for manufacturing of 2,31,000 cubic meter particle board per annum at Naidupeta, Nellore in Andhra Pradesh which is expected to start commercial production by Q4 of FY 2023-24. Besides for manufacturing of 18.9 million square meter plywood per annum at Tindivanam, Tamil Nadu by HG Industries Limited ('HGIL ') is expected to commence commercial production by Q4 of FY 2022-23.