Greenply Industries' net profit increases 26.33% in Q2 FY25

29 Oct 2024 CW Team

Greenply Industries reported a 26.33% rise in its net consolidated profit for the quarter ended September 30, 2024. Profit after tax stood at Rs 175.6 million, compared to Rs 139 million in the same quarter last year, the company announced in a BSE filing.

The company's net consolidated total income grew 12.52% to Rs 6.42 billion in Q2 FY25, up from Rs 5.70 billion in the corresponding quarter of the previous fiscal.

Manoj Tulsian, Joint Managing Director & CEO, stated, "While our plywood business has shown consistent growth, margins remain under pressure due to high raw material costs and product mix changes. We are actively working on strategies to improve profitability. The MDF business faced a decline in revenue on a quarter-over-quarter basis due to a plant shutdown and power cuts in Gujarat. However, we remain optimistic about stronger performance in the second half, aiming to meet our 50% annual revenue growth target. Our Furniture & Fittings JV will begin full-scale production from November 2024, following successful equipment installation and trial runs."

In Q2 FY25, revenue from the plywood and allied products segment stood at Rs 514 crore, growing 7.5% year-on-year, with a sales volume of 20.2 million square meters (MSM) and realisation at Rs 251 per square meter—an improvement of 2.4%.

The MDF segment reported revenue of Rs 1.26 billion, with a sales volume of 40,553 cubic meters (CBM) and realisation at Rs 31,169 per CBM during the quarter. (ET)

Infrastructure Urban

09 Feb 2026

Eicher Delivers First 13.5 m Electric Intercity Sleeper Bus

Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd., has recently delivered its first 13.5 m electric intercity sleeper bus, marking a key milestone in India’s long-distance electric mobility segment. The first bus is being operated by LeafyBus, with plans to deploy 35 buses by March 2026 across high-demand intercity corridors in North India.The initial deployment will cover routes such as Delhi–Dehradun and Delhi–Lucknow, supporting LeafyBus’ expansion across environmentally sensitive and high-density travel corridors.Commenting on the partnership, Suresh Chettia..

HCSS Showcases Unified Construction Platform at CONEXPO 2026

HCSS will recently present the next evolution of its connected construction management platform at CONEXPO-CON/AGG 2026, bringing together construction workflows, data and teams on a single platform across the entire project lifecycle. The event will be held from 3–7 March 2026 in Las Vegas, Nevada. HCSS will host two booths at the show, demonstrating how its integrated software ecosystem enables seamless collaboration between the office, field and shop, from bid stage through to project closeout. Steve McGough, President and CEO, HCSS, said, “For 40 years, we’ve done everything within..

Berger Paints Q3 Profit Declines Despite Volume Growth

Berger Paints India has reported a mixed performance for the quarter ended 31 December 2025, with healthy volume growth and margin improvement offset by softer demand conditions and cost pressures. On a consolidated basis, revenue from operations for the quarter stood at Rs 29,840 million, compared to Rs 29,751 million in the corresponding quarter last year, reflecting a marginal increase of 0.3 per cent. EBITDA (excluding other income) was Rs 4,710 million, slightly lower than Rs 4,717 million a year earlier. Net profit declined by 8.3 per cent to Rs 2,713 million from Rs 2,960 million. Sta..