India's Greenply Industries eyes best day in over 10 months as profit rises

Greenply Industries

12/02/2021 06:27

** Shares of Greenply Industries  GRPL.NS  rise as much as
16.8% to 160 rupees, marking their biggest intraday pct gain
since April 9, 2020
    ** On Thursday, GRPL posted a 17.2% rise in Q3 consol profit
to 249.9 mln rupees ($3.43 mln)
    ** However, consol revenue from ops slipped to 3.40 bln
rupees from 3.46 bln rupees last year  urn:newsml:reuters.com:*:nFWN2KH0AG
    ** Co flagged an improving demand environment and
performance returning close to pre-COVID-19 levels
    ** Shares are up 19% this year, as of last close


($1 = 72.7980 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))