Greenply Industries posts handsome financials

Greenply Industries (GIL) recently declared its Q3FY16 results. The company's revenue increased by 7.26 per cent to Rs 422 crore in Q3FY16 from Rs 393 crore in Q3FY15. It earned 69.25 per cent of revenue from Plywood segment, and remaining 30.75 per cent of revenue from Medium Density Fibre Board (MDF) segment during Q3FY16. GIL's total expenditure increased by 4.96 per cent to Rs 357 crore in Q3FY16 as compared to same period in previous fiscal year.

GIL's EBITDA increased by 22.02 per cent to Rs 65 crore in Q3FY16 as compared to same period in previous financial year. The company's EBITDA margin expanded by 185 basis points to 15.35 per cent in Q3FY16 on a yearly basis. Its net profit also increased by 35.32 per cent to Rs 35.36 crore in Q3FY16 as compared to the same period in previous fiscal year. GIL's net profit margin expanded by 174 basis points to 8.38 per cent in Q3FY16 on a yearly basis. The company's net debt to equity stands at 0.47x as on Q3FY16 as compared to 0.77x as on Q3FY15.

Considering nine months results, GIL's revenue increased by 6.3 per cent to Rs 1203 crore in 9MFY16 as compared to same period in previous financial year. The company's EBITDA too increased by 20.3 per cent to Rs 177 crore in 9MFY16 on a yearly basis. Its EBITDA margin expanded by 170 basis points to 14.7 per cent in 9MFY16 on a yearly basis. GIL's PAT also rose by 17.1 per cent to Rs 89.3 crore in 9MFY16 as compared to same period in previous fiscal year. The company's PAT margin expanded by 70 basis points to 7.4 per cent in 9MFY16 on a yearly basis.

The share price of GIL declined by 3.58 per cent on bourses in early trades and is trading at Rs 174.9 on intraday basis.

Greenply Industries is an interior infrastructure company. Its segments include Plywood and Allied products; Laminate and Allied Products; also Medium Density Fibre Boards and Allied Products. The Plywood and Allied Products segment is engaged in the business of manufacturing and trading of plywood; block boards; veneer doors; and other wood panel products through its wholesale and retail network. The Medium Density Fibre Boards and Allied Products segment is engaged in the business of manufacturing of MDF and other allied products through its wholesale and retail network.