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Home STOCKS Century Plyboards (India) Ltd.: Century Plyboards Q4 success: Net profit improves practically...

Century Plyboards (India) Ltd.: Century Plyboards Q4 success: Net profit improves practically 14% to Rs 38.79 crore

Plywood maker Century Plyboards (I) claimed a 13.58 % raise in its net profit to Rs 38.79 crore in the fourth-quarter (Q4) of the fiscal 12 months 2019-20 when compared to Rs 34.15 crore in the year-ago period of time.
Net revenue from functions for the duration of the reported period of time, nonetheless, dipped by 10.12 % to Rs 524.18 crore from Rs 583.22 crore posted in the corresponding prior quarter. Earnings ahead of depreciation, interest and tax for the final quarter of the FY 2019-20 was up by 5.4 % at Rs 70.18 crore from Rs 66.58 crore clocked in the corresponding period of very last financial yr.
For the FY 2019-20, profit after tax and net revenue from operations was practically flat at Rs158.16 crore and Rs 2282.67 crore respectively.
All through the year, the firm took various initiatives taken to control fees which helped it to increase the in general margins, explained a press assertion issued by the company.
Commenting on the firm’s performance, Century Plyboards (I) chairman Sajjan Bhajanka claimed: “Recovery for laminates has been steep and the EBITDA margins are nearly back to past position… Diminished topline in plywood led to decreased EBITDA margin but we are hopeful that in the second fifty percent of the latest year, we will be back to our earlier position with similar EBITDA margin.”

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