Greenply Q3 standalone net profit declines 2.82% to Rs 28.54 crore

NEW DELHI: Plywood maker Greenply Industries today reported a 2.82 per cent decline in standalone net profit to Rs 28.54 crore for third quarter ended December 31.

The company had posted a standalone net profit of Rs 29.37 crore in the October-December quarter of the previous fiscal.

However, Greenply's net sales rose to Rs 523.59 crore in the quarter under review as against Rs 509.26 crore in the year-ago period, it said in a filing to BSE.

Shares of the company closed down by 2.69 per cent at Rs 329.35 apiece on the BSE.