Century Plyboards’ Revenue Increases by 3% in the Third Quarter of Financial Year 2019-20
News Desk, News Nation 360: India’s leading plywood company, Century Plyboards (I) Ltd., announced its Results for Third Quarter of FY 19-20. Net Revenue from operations for Third Quarter, ending 31st December 2019-20 Fiscal Year, was Rs. 595.42 cr. an increase of 3% over the corresponding period of last Financial Year Rs. 578.89 cr. Profit after Tax for the Quarter ending 31st December 2019-20 was Rs. 19.09 cr. showing a Decrease of (54%) over the corresponding period of last Financial Year Rs. 41.41 cr, mainly profit reduced due to impairment of assets of overseas Laos unit taken amounting to Rs. 45.63 cr. MDF Division has performed exceptionally well during the quarter under review. All other divisions were stable and performed consistently. Commenting on the Company’s Performance, Keshav Bhajanka, Executive Director, Century Plyboards(I) Ltd told their standard performer is MDF, gaining almost 10% growth in terms of volume where the EBITDA figure has been more than 25%. They are looking forward to a 10-20% return in the last quarter as well.
Report: Anustup Kundu