Q1FY19 Result: Uniply Industries revenue jumps 83 per cent yoy

Uniply Industries reported its results for the quarter ended June 30, 2018. The company's consolidated revenue for the quarter came in at Rs. 141 crore, registering 83.2 per cent yoy increase. This was primarily driven by 83 per cent growth in the Furniture segment and also about 70 crore of revenue added from the Construction segment, which the company has ventured into recently.

EBITDA for the quarter rose by 19.8 per cent yoy to Rs. 21.2 crore with a corresponding margin contraction of 795 bps. EBITDA margin for the quarter stood at 15 per cent. The PAT for the quarter came in at Rs. 10.22 crore, yoy increase of 77.4 per cent.

Uniply Industries offers furniture-related products like Veneer, Plywood, Doors, Boards. They have added Construction business segment to portfolio and this quarter saw them exit the Wood products business completely.

On Friday, the stock opened at Rs. 72.25 per share and touched the intraday high and low of Rs. 72.6 per share and Rs 70.5 respectively on BSE and at 10.50 am the stock was trading at Rs. 71.6