Century Plyboards reports lacklustre numbers

Century Plyboard's standalone revenue for the quarter came in at Rs. 564.44 crore, registering 18.9 per cent yoy increase. This was due to growth in various divisions such as plywood and allied products, medium density fibre board (from a low base), particle board and container freight station services.

EBITDA for the quarter remained largely flat at Rs. 74.21 crore with a corresponding margin contraction of 246 bps. EBITDA margin for the quarter stood at 13.1 per cent. This margin contraction was led by higher cost of material in proportion to revenue. The PAT for the quarter came in at Rs. 37.81 crore, yoy decline of 5.8 per cent.

Meanwhile, the stock of Century Plyboards on Monday’s trading session slides after posting this quarterly number. The stock which opened at Rs. 180 apiece dipped to an intraday low of Rs. 175. The stock closed for the day at Rs. 174 apiece, down by almsot 2.9 per cent from previous close.