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Greenply Industries Q3 Results Review - Operating Performance Inline; Maintain Hold: IDBI Capital

Greenply Industries Ltd.'s Q3 FY24 operational performance was in-line with our expectations. The company achieved highest ever sales during the quarter to Rs 6,208 million (+45% YoY). Ebitda increased by 11% QoQ to Rs 568 million. Ebitda margins expanded by 71 basis point QoQ to 9.1% despite higher raw material prices and advertisement expenses. ....

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