ICICI Securities Ltd | Retail Equity Research Greenply Industries' (GIL) topline grew 8.4% YoY to | 434.6 crore (our estimate: | 430.7 crore) led by 7.0% YoY growth in revenues of plywood division to | 308.0 crore (our estimate: | 302.8 crore) The EBITDA margin expanded 60 bps YoY to 14.8%. However, it was below our expectation of 15.5% due to lower-than-expected EBIT margin in the MDF division at 24.3% (vs. our expectation of 27.0%) Net profit grew 33.0% YoY to | 35.1 crore and was marginally below...