Greenply Industries today reported 26.43 per cent increase in standalone net profit at Rs 34.10 crore for the first quarter ended on June 30, 2016.
The company had posted a net profit of Rs 26.97 crore in the April-June quarter of last fiscal, the company said in a BSE filing.
Its net sales during the quarter under review was up 9.25 per cent to Rs 414.90 crore as against Rs 379.74 crore during the corresponding quarter of the previous fiscal.
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Commenting on results, Greenply Industries Joint Managing Director and CEO Shobhan Mittal said: "Our operating performance and margins have improved through controlling costs and reducing wastage. Plywood business has improved both in topline and operating margins and we will strive to maintain the growth achieved in this quarter."
Shares of Greenply Industries today settled at Rs 263.95 on BSE, down 1.35 per cent from previous close.
