Jun 19, 2020 / 05:30AM GMT
Shobhan Mittal - Greenpanel Industries Limited - MD, CEO & Director
Welcome to everyone present, and thank you for joining us to discuss Greenpanel's operating and financial performance for quarter 4 and FY 2020. I do hope that all of you and your loved ones are safe and well. We all pray for an early end to this pandemic.
Let me give you a quick brief on the financial numbers. Net sales are up by 35% at INR 227.19 crores. Gross margins are up by 850 basis points over the year-on-year quarter due to change in MDF and ply mix, reduction in wastage and improvement in quality at the Andhra plant. EBITDA margins were down by 70 basis points. The margins for the quarter were impacted by currency losses to the extent of 1.31%, while the year-on-year quarter were boosted by currency gains to the extent of 7.39%.
On an apple-to-apple basis, EBITDA margins for the quarter adjusted for foreign currency gains and losses, stood at 20.4% as against 12.4% in the corresponding quarter. Our post-tax profits for the quarter were impacted to a significant extent by foreign exchange mark-to-market
Q4 2020 Greenpanel Industries Ltd Earnings Call Transcript
Jun 19, 2020
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