Century Plyboards delivers 69 per cent return in last 6 months

Century Plyboards India Limited declared its results today afternoon for the quarter ended September 30, 2020.

Its consolidated revenue for the quarter Q2FY21 came in at Rs 522.23 crore as against Rs 599.47 crore in the corresponding quarter last year, registering a 12.9 per cent YoY decline. The revenue from segments such as plywood, laminate & MDF board declined by 17 per cent, 22 per cent, and 20 per cent, respectively, on a YoY basis.

Sales volume from plywood decreased by 11.8 per cent on a YoY basis but on a QoQ basis, it jumped by 174.5 per cent. Also, sales volume from decorative ply declined by 30.8 per cent on a YoY basis but on a QoQ basis, it jumped by 145.7 per cent.

EBITDA for the quarter fell by 6 per cent YoY to Rs 86.54 crore as against Rs 92.03 crore in the corresponding quarter last year, with a corresponding margin expansion of 122 bps. EBITDA margin for the quarter stood at 16.6 per cent.

PAT for the quarter came in at Rs 50.27 crore as against Rs 48.72 crore in the corresponding quarter last year, with a YoY increase of 3.2 per cent. This rise was supported by a decline in the finance cost by 79 per cent on a YoY basis.

Looking at the price return history, the company has delivered a significant return of 69 per cent in the past six months.