Greenply Industries, a Rs 4.7 billion-worth manufacturer of plywood and laminates, on standalone basis, posted a 2.35 times jump in net profit to Rs 111.86 million, for the Quarter ended September 2007, as compared with Rs 47.54 million for the same quarter, last fiscal.

Net sales for the quarter increased 27.41% to Rs 1,356.32 million, compared with Rs 1,064.47 million during the corresponding quarter, previous year.

Total income for the quarter also rose 29.08% to Rs 1,379.28 million, compared with Rs 1,068.50 million during the same quarter, a year ago. The diluted earnings per share (EPS) for the September 2007 quarter stood at Rs 6.58.

``We are in sync with our annual target and based on our current growth performance I am confident that we are in the right direction in garnering a larger chunk of the market share,`` as per the company`s spokesperson.