Reporting strong results, the EBITDA margins of Greenply industries improved by 150 bps YoY while PAT posted an increment of 178% as JV losses narrowed.
Owing to excessive heat in the north & central parts of the country, the return of the labourers at various wood panel factories & construction sites may be prevented in the month of May after their planned departure in April citing assembly election
As per the experts, the liquidity crunch persists owing to the investment in property, shares and goldsilver in recent months. Hence many entities are lamenting about the lack of cash flow and payment delays which impact the recurring demand.
There is a clear change in decorative products. During a study that we did in the last 4-5 months in Eastern India and earlier in Southern & Northern India, one thing is clear that the decorative market has changed rapidly and Supply chain is a big i