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09-Nov-2022

Greenpanel Industries

Sales up 8%, OP up 3%


'Greenpanel Industries consolidated sales increased 8.31% to Rs 457.29 crore in Q2FY23 compared to Q2FY22.  Sales of Plywood and allied products segment has gone down 16.58% to Rs 61.08 crore (accounting for 13.36% of total sales).  Sales of Medium density fibreboards and alli segment has gone up 13.52% to Rs 396.21 crore (accounting for 86.64% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has jumped 11.82% to Rs 123.50 crore.  PBIT of Plywood and allied products segment fell 48.60% to Rs 5.76 crore (accounting for 4.66% of total PBIT).  PBIT of Medium density fibreboards and alli segment rose 18.64% to Rs 117.74 crore (accounting for 95.34% of total PBIT). 

PBIT margin of Plywood and allied products segment fell from 15.31% to 9.43%.  PBIT margin of Med...



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