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Greenply Industries Q2 PAT may dip 50.8% YoY to Rs. 15.7 cr: Yes Securities

Net Sales are expected to decrease by 6.9 percent Y-o-Y (down 11.2 percent Q-o-Q) to Rs. 402.7 crore, according to Yes Securities.

October 14, 2022 / 09:25 AM IST
Greenply Industries | CMP: Rs 195 | The stock ended in the green on September 21. Tata Housing Opportunities Fund & other funds acquired additional 60,000 equity shares (0.05% stake) in Greenply Industries via open market transactions on September 19. With this, their total shareholding in the company increased to 5.05%, up from 4.99 percent earlier.

Greenply Industries | CMP: Rs 195 | The stock ended in the green on September 21. Tata Housing Opportunities Fund & other funds acquired additional 60,000 equity shares (0.05% stake) in Greenply Industries via open market transactions on September 19. With this, their total shareholding in the company increased to 5.05%, up from 4.99 percent earlier.

 
 
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Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Greenply Industries to report net profit at Rs. 15.7 crore down 50.8% year-on-year (down 24.4% quarter-on-quarter).

Net Sales are expected to decrease by 6.9 percent Y-o-Y (down 11.2 percent Q-o-Q) to Rs. 402.7 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 340 percent Y-o-Y (down 74 percent Q-o-Q) to Rs. 32.6 crore.

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