Greenlam Industries down by 0.75%, post Q3 results

Greenlam Industries is down by Rs 5 or 0.75% as it reports it standalone financials. Greenlam Industries net profit slips by 34.1% at 7.7 crore versus Rs 11.7 crore.

Feb 07, 2017 09:02 IST India Infoline News Service

Greenlam Industries is down by Rs 5 or 0.75% as it reports it standalone financials.

Greenlam Industries net profit slips by 34.1% at 7.7 crore versus Rs 11.7 crore.

Its Total income tumbled by 8% at Rs 221.5 crore versus Rs 241 crore (YoY)

EBIDTA fell by 18.5% at Rs 26.7 crore versus Rs 32.8 crore (YoY).

EBIDTA margin stands at 12% versus 13.6% (YoY).

Greenlam Industries Limited manufactures and sells laminates, decorative veneers and their allied products worldwide.

It offers laminates for kitchens, offices, homes or other premises; decorative laminates for kitchen, living room, office, commercial spaces, etc.

The company also provides melamine faced chip boards for interior and furniture industry. 

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