Greenpanel Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 01, 2024 at 06:16 am EDT
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Greenpanel Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,966 million compared to INR 4,414.11 million a year ago. Revenue was INR 4,039.92 million compared to INR 4,499.34 million a year ago. Net income was INR 298.05 million compared to INR 689.26 million a year ago. Basic earnings per share from continuing operations was INR 2.43 compared to INR 5.62 a year ago. Diluted earnings per share from continuing operations was INR 2.43 compared to INR 5.62 a year ago.
For the full year, sales was INR 15,672.52 million compared to INR 17,828.6 million a year ago. Revenue was INR 15,891.21 million compared to INR 18,022.19 million a year ago. Net income was INR 1,426.84 million compared to INR 2,565.15 million a year ago. Basic earnings per share from continuing operations was INR 11.64 compared to INR 20.92 a year ago. Diluted earnings per share from continuing operations was INR 11.64 compared to INR 20.92 a year ago.
Greenpanel Industries Limited is an India-based manufacturer of wood panels. The Company is primarily engaged in manufacturing of plywood, plain and pre-laminated medium density fiberboards (MDF) boards and allied products. It also produces doors and veneers to service domestic and international customers. The Companyâs products categories include club grade, medium density fiberboard, flooring, plywood and blockboard, veneers and doors. The Company operates through two segments: Plywood and allied products and Medium density fibreboards and allied products. The Companyâs plywood and blockboard products include Greenpanel Club Plywood, Greenpanel Boiling Water Proof (BWP) Plywood, Greenpanel Moisture Resistant (MR) Plywood, Greenpanel Gold BWP Plywood, Greenpanel Accurate Plywood, GPRO 710 plywood, Greenpanel BWP Blockboard, Greenpanel MR Blockboard and Greenpanel Accurate Plywood, among others.