Q2 sales rise 16%, H1 profit rises 35%; up to Rs 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.
Consolidated Q2 revenue rose 16.1% year on year to Rs 799.69 crore, while net profit rose 13.6% to Rs 42.73 crore. In H1, revenue rose 18.2% to Rs 1,524.57 crore and net profit rose 35.1% to Rs 80.34 crore. The board approved up to Rs 30 crore of equity funding for Greenply Sandila's plywood capacity expansion in Uttar Pradesh. The limited review was unmodified. Revised chairman pay awaits shareholder approval.
Stronger H1 profit may support sentiment, while the Sandila expansion can add capacity but needs capital and successful execution.