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Stock Report
Greenlam Industries Ltd Q1FY22 consolidated PAT at Rs. 17.43 crore
Posted On : 2021-07-27 12:59:21( TIMEZONE : IST )
Greenlam Industries Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.338 crores during the period ended June 30, 2021 as compared to Rs.418.35 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.17.43 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.30.94 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.7.22 for the period ended June 30, 2021 as compared to Rs.12.82 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 338 crs | ₹ 418.35 crs |  -19.21% |
| Net Profit | ₹ 17.43 crs | ₹ 30.94 crs | -43.67% |
| EPS | ₹ 7.22 | ₹ 12.82 | -43.68% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.338 crores during the period ended June 30, 2021 as compared to Rs.161.39 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.17.43 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(7.67) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.7.22 for the period ended June 30, 2021 as compared to Rs.(3.18) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 338 crs | ₹ 161.39 crs |  109.43% |
| Net Profit | ₹ 17.43 crs | ₹ (7.67) crs | 327.25% |
| EPS | ₹ 7.22 | ₹ (3.18) | 327.04% |
Speaking on the financial results Mr. Saurabh Mittal, Managing Director and CEO, Greenlam Industries Ltd. said, "We have seen a reasonable quarter despite the resurgence of Covid-19 cases which resulted in lockdown by various states. Since there was no directive on partial operations from the government, our plants were operating in full capacity.
Though we saw YoY growth in both domestic and international businesses, we had anticipated to see a better performance. This was hampered due to delayed unlocking of the domestic market and supply chain disruptions in international markets. Overall consolidated revenues for the quarter stood at INR 336.1 crore, led by the growth in laminate business by 113%. The EBDITA for the quarter stood at INR 38.2 crore and we saw a net profit of INR 17.3 crore as compared to net loss of INR 7.7 crore in Q1 of last year. In these challenging market situations, we saw higher inventory days due to lower revenues but were able to scale the business with strict control on balance sheet. The business environment is still uncertain due to the predicted third wave of the pandemic, however we are well equipped and will continue to drive our business.
At Greenlam, it is a continuous pursuit to bring the best, innovation-driven products to our consumers. Therefore, we use anti-bacteria property as a standard offering on our entire range of Greenlam Laminates and Greenlam Compacts for over 10 years. We continue to be committed to redefining interior spaces with superior quality and hygienic products, innovation in technology and bring the best trends in home décor to our customers."
Shares of Greenlam Industries Ltd was last trading in BSE at Rs. 1379.9 as compared to the previous close of Rs. 1349.4. The total number of shares traded during the day was 524 in over 148 trades.
The stock hit an intraday high of Rs. 1379.9 and intraday low of 1350. The net turnover during the day was Rs. 716954.
