Greenply Ind Q1FY10 Net Sales up by 3.48% at Rs 177 cr

Net Profit up by 56.96 % at Rs 11 cr

Greenply Industries Ltd.., leader in plywood and laminate industry in India, today reported net sales of Rs 177.54 crore for the quarter ended June 30, 2009, registered a growth of 3.48% as against Rs 171.56 crore posted in the same period of the last fiscal.

EBIDTA margin for the first quarter was 12.30%, as compared to 13.64% in the corresponding quarter in the last year. Net Profit for the first quarter stood at Rs 10.92 crore, as compared to Rs 6.96 crore posted in the same period of last year, registered a growth of 56.96%.

Earnings per share (EPS) for Q1FY10 worked out to Rs 6.43 as compared to Rs 4.09 in Q1 FY09.

About Greenply Industries Ltd.:
Greenply Industries Limited (GIL) a Rs. 830 crore company is professionally managed Interior Infrastructure Company, primarily engaged in the manufacture of plywood and other value added products used in interior infrastructure such as laminates and medium density fibre (MDF). The company has five plants across the country and also caters to overseas markets.

The company has more than 32 branches across the country with a strong network of over 15000 dealers, distributors, sub-dealers and retailers. Greenply exports its laminate products to over 50 countries including US, Australia, Malaysia, Singapore, UAE, Russia, Israel, and New Zealand amongst others.