Greenlam Reports Net Profit To Rs 18.54 Crore In Q2

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Greenlam Industries Ltd reported a 32.58 per cent decline in its consolidated net profit to Rs 18.54 crore for the second quarter ended on September, 2020 decreasing from Rs 27.5 crore last year in the corresponding period. Its revenue from operations during the quarter under review was at Rs 289.31 crore, down by 17.10 per cent as against Rs 348.99 crore in the corresponding quarter.

Commenting on the results, Greenlam Industries MD & CEO Saurabh Mittal said, "This quarter observed improvement in sales on sequential basis as the markets opened up with the unlocking of economy". Greenlam Industries total expenses in this quarter were at Rs 267.48 crore. The company generated revenue of Rs 258. 5 crore from laminate and allied products and Rs 30.8 crore from veneers and allied products.

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