News Desk, News Nation 360 : CenturyPly, one of India's top suppliers of decorative veneers and multipurpose plywood, revealed its Q2 results for September 30, 2024. Century Plyboards (I) Ltd. posted a sharp Q2 FY25, with net revenue from operations of 10.6% at Rs 1063 crores versus last year. EBITDA was at Rs 134.4 crore, and Profit After Tax stood at Rs 75.7 crore. The increase in raw material costs was sufficiently offset by the improvement in the EBITDA margin of the Plywood segment due to a better product mix and more volume. Growth was provided by the new Century Panel Badvel plant, which has started to operate with commercial production on all lines of products: MDF, laminate, and PVC. Such gave a strong impetus for growth, especially by the MDF business line, which expanded the volume by 75% and revenue by 36.4%. The company is working actively on its ESG report and will expand plyboard operations in Chennai by March 2025. Century Plyboards has entered the annual CSR campaign, 'Century Heroes,' to bring about inclusivity and enable individuals with disabilities. It now has the approaches that will make it continue to thrive in the future.
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