New Delhi [India], January 24 (ANI/PNN): India's largest wood panel manufacturer, Greenpanel Industries Ltd. becomes the principal partner of the Indian Premier League's franchise team Delhi Capitals for 3 years. Greenpanel will also associate with Delhi Capitals' sister team - the Pretoria Capitals, set to compete in the inaugural season of the SA20. Greenpanel will appear on Delhi Capitals and Pretoria Capitals training as well as match jerseys throughout the association. Greenpanel has established itself as an innovative, top-quality, and sustainable brand and these ideologies will also transcend onto their partnership with the Delhi Capitals team. They are the pioneers of MDF in India and have been at the forefront of making home furniture more affordable for all. Based in Gurugram, Haryana, Greenpanel is one of the largest Medium Density Fibreboard, Plywood, Decorative Veneers, Flooring, and Doors manufacturers in the country. Speaking about the partnership, Shobhan Mittal - MD & CEO Greenpanel Industries Ltd. said "We are pleased to associate as principal partners with the Indian Premier League franchise, Delhi Capitals for 3 years. We are a young company and want to associate ourselves with the youth and young home buyers. Greenpanel is at the initial stage of its brand journey and therefore this association will help the brand to establish itself in the consumers' mindset." Dhiraj Malhotra, CEO Delhi Capitals, said, "It gives me great pleasure to welcome Greenpanel as our Principal Partner for IPL 2023. I am certain that the organization's strong customer base will further help us grow the Delhi Capitals' brand value. We look forward to building a long and fruitful relationship with Greenpanel." https://instagram.com/greenpanelofficial?igshid=YmMyMTA2M2Y= This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
Greenpanel Industries Ltd Q1FY22 consolidated net profit drops QoQ to Rs. 29.74 crores equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Greenpanel Industries advanced 3.61% to Rs 248.45 after the company s consolidated net profit surged 647.80% to Rs 56.46 crore on 63.5% rise in net sales to Rs 388.79 crore in Q4 March 2021 over Q3 March 2020. Profit before tax (PBT) stood at Rs 85.67 crore in Q4 FY21 from Rs 0.79 crore in Q4 FY20. On a standalone basis, company s net profit soared 765% to Rs 57.87 crore on 64.4% jump in net sales to Rs 388.79 crore in Q4 March 2021 over Q3 March 2020. Plywood revenues grew 65.4% Y-o-Y to Rs 82.74 crore in Q4 FY21 over Q4 FY20, contributing 22% of net sales. Medium Density Fibre Boards (MDF) revenues jumped 70.3% Y-o-Y to Rs 301.62 crore during the same period, contributing 78% of net sales.
Greenpanel: MDF is a versatile and futuristic wood panel product says Mr. Vishwanathan Venkatramani, CFO, Greenpanel indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Shares of Greenpanel Industries were locked in the 5 per cent upper limit band at Rs 128, also their new high, on the BSE in Thursday s session after the company s board approved capital expenditure (capex) of Rs 55 crore at its medium-density fibreboard (MDF) plants for better productivity and cost-efficiency. The board approved the capital expenditure at its MDF plants situated at Rudrapur (Uttarakhand) and Chittoor (Andhra Pradesh) for better productivity and cost-efficiency, Greenpanel said in a BSE filing. The company said it will spend Rs 29 crore for installation of mat heating system and Rs 26 crore on the installation of a wax emulsion system. The capital expenditure shall be funded through a mix of internal accruals and debts, it added.