Century Plyboards’s Q4 Results for Financial Year 2019-20
News Desk, News Nation 360 : India’s leading plywood company, Century Plyboards(I) Ltd., announced its results for the fourth quarter of FY 19-20. Net Revenue from operations for the Quarter, ending 31st March 2020 was Rs. 524.19 crs; a decrease of 10 % over the corresponding period of last financial year Rs.583.23 crs and Net revenue from operations for the Financial Year 2019-20 was Rs.2282.68 crs showing a growth of 1%, over previous financial year Rs.2263.83 cars. Earnings Before Depreciation Interest and Tax for the last quarter of Financial Year 2019-20 was Rs.70.18 crs, an increase of 5% over the corresponding period of last financial year Rs.66.58 crs and for the Financial Year 2019-20, it was Rs.315.18 crs, an increase 3 %, compared with last financial year Rs.306.43 crs. Profit After Tax for the quarter ending 31st March 2020, was Rs. 38.79 crs; an increase of 14% corresponding period of last financial year Rs.34.16crs. Profit After Tax for the Financial Year was almost flat at Rs. 158.17crs; corresponding period of last financial year Rs.158.76 crs. Commenting on the company’s performance, Sajjan Bhajanka, Chairman, Century Plyboards (India) Ltd. Said that most of their divisions have done well. Recovery for laminates has been steep and the EBITDA margins are practically back to the previous position. MDF and Particles have also been great performers. Reduced topline in plywood has led to lower EBITDA margin but they are hopeful that in the second half of the year, they will be back to their previous position with same EBITDA margin.
Report : Anustup Kundu