Greenlam Industries Limited — Updates, 29-10-2024: Press Release

Greenlam Industries Limited reported consolidated financial results for the quarter and half year ended September 30, 2024. Q2 net revenues grew 12.8% to ₹680.8 crores, with EBITDA up 7.7%. However, net profit declined 11.7% to ₹34.4 crores due to increased depreciation and interest from new projects. For H1, revenues rose 14.9% to ₹1,285.5 crores, but net profit fell 24.5% to ₹54.3 crores. The company highlights stable working capital and ongoing expansion projects.