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Greenply Industries has rallied 18% to Rs 1,232 on NSE after reporting a healthy 40% year-on-year (yoy) jump in its standalone net profit to Rs 37.03 crore for the second quarter ended September 2014. The plywood maker had profit of Rs 26.52 crore in the same quarter last fiscal.
Net sales during July-September quarter increased 6.7% to Rs 623 crore from Rs 584 crore in the year-ago period.
EBITDA or operating profit margin improved 140 bps to 12.2% from 10.79% during the recently concluded quarter.
Meanwhile, for the first half of 2014-15 fiscal, the company's standalone net profit also increased 37% to Rs 67 crore as against Rs 49 crore in the corresponding period.
The stock opened at Rs 1,110 and touched a record high of Rs 1,235 on NSE. The trading volumes on the counter more-than-doubled with a combined around 78,000 shares changed hands till 1215 hours on NSE and BSE.
Net sales during July-September quarter increased 6.7% to Rs 623 crore from Rs 584 crore in the year-ago period.
EBITDA or operating profit margin improved 140 bps to 12.2% from 10.79% during the recently concluded quarter.
Meanwhile, for the first half of 2014-15 fiscal, the company's standalone net profit also increased 37% to Rs 67 crore as against Rs 49 crore in the corresponding period.
The stock opened at Rs 1,110 and touched a record high of Rs 1,235 on NSE. The trading volumes on the counter more-than-doubled with a combined around 78,000 shares changed hands till 1215 hours on NSE and BSE.
