Q2 profit rises; board approves up to INR 30 crore for Sandila expansion
GREENPLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.2 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Greenply's consolidated Q2 revenue was INR 799.69 crore, up 10.3% year on year, and net profit was INR 42.73 crore, up 13.6%. H1 revenue rose 18.2% to INR 1,524.57 crore, while net profit jumped 112.3% to INR 80.34 crore. The auditor gave an unmodified review. The board approved up to INR 30 crore for Greenply Sandila's plywood expansion.
Strong H1 profit and margin gains support the stock, but Q2 profit rose only 13.6% and expansion funding may increase cash needs.