Plywood maker Greenply Industries reported results for its first quarter ended June 30, 2011.
The company’s net profit rose by 24.73% to Rs 12.96 crore for the quarter ended June 30, 2011, against Rs 10.39 crore in the same period last fiscal. The firm's net sales stood at Rs 352.32 crore for the quarter ended June 30, 2011, compared to Rs 262.07 crore in the same period last fiscal.
Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF. The company has 28 branches across India with a strong dealer/distributor/sub-dealer/retailer network of over 9600 and a presence in over 300 cities.