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Greenply Industries gains despite reporting marginal fall in Q3 net profit

08 Feb 2019 Evaluate

Greenply Industries is currently trading at Rs. 130.20, up by 0.70 points or 0.54% from its previous closing of Rs. 129.50 on the BSE.

The scrip opened at Rs. 130.65 and has touched a high and low of Rs. 131.05 and Rs. 117.00 respectively. So far 4688 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.85 on 14-Feb-2018 and a 52 week low of Rs. 110.00 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 132.00 and Rs. 127.00 respectively. The current market cap of the company is Rs. 1575.76 crore.

The promoters holding in the company stood at 51.03%, while Institutions and Non-Institutions held 31.87% and 17.10% respectively.

Greenply Industries has reported 1% fall in its net profit at Rs 35.70 crore for the quarter ended December 31, 2018 under review as compared to Rs 36.06 crore for the same quarter in the previous year. However, total income of the company increased by 16.01% at Rs 464.40 crore for Q3FY19 as compared Rs 400.30 crore for the corresponding quarter previous year.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.

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