Century Plyboards’s Q2 results for Financial Year 2019-20 declaredÂ
New Delhi/UNI: India’s leading plywood company, Century Plyboards(I) Ltd., today announced its results for the second quarter of FY 19-20, registering profit after tax for the quarter ending September 30, 2019, at Rs. 52.15 crore, thereby showing an increase of 38 per cent over corresponding period of last financial year (Rs. 37.81 crore).
Net Revenue from operations for the Second Quarter, ending 30th September 2019, was Rs. 589.35 crore; an increase of 4.4% over corresponding period of last financial year(Rs. 564.44 crore).
Profit After Tax for the quarter ending 30th September 2019, was Rs. 52.15 crores; showing an increase of 38 per cent over corresponding period of last financial year (Rs. 37.81 crores).
Laminates and MDF division have performed exceptionally well during the quarter under review.
Favourable market conditions, lower commodity prices and better sales volume have led to significant margin improvement.
Commenting on the company’s performance, Mr. Sajjan Bhajanka, Chairman, Century Plyboards(I) Ltd said “This has been an excellent set of results. It’s been a difficult and challenging business environment, for all manufacturers across the country but I think our foray into Particle Board and MDF has shown phenomenal results. Laminates, we have been able to progress quiet well and as it was indicated earlier, our EBDITA margin have improved substantially. "
" Plywood is currently under lot of pressure but we have been able to maintain volume and profitability, which I think given the current scenario has been a very good achievement. Going forward our target will be to further improve our Plywood performance, in terms of both volume and growth and maintain the same in other product categories as well.”
Century Plyboards (I) Ltd. (CPIL), the first ISO 9002 Company in India for plywood and veneer, started its operations in 1986; CPIL also received ISO 14001 Certification in 2004. The company was formed by Sajjan Bhajanka and Sanjay Agarwal. In a very short span, it has created a niche for itself and is the market leader in this sector.
CPIL has its manufacturing units at Kolkata, Chennai, Guwahati, Karnal, Kandla, Hoshiarpur, Myanmar and Laos. CPIL today manufactures the entire range of commercial, marine, shuttering and decorative plywood. Other products are Laminates, Veneers, Doors, MDF, Prelam, Particle Boards, Fibre Cement Boards, PVC sheets, Faceveneers, Exteria exterior laminates.
'Construction World’, one of the most definitive business journals, has adjudged it as, "the Fastest Growing Company with the Highest Turnover" five times, for the years 2003, 2005, 2006, 2007 and 2008. It has featured in the Super Brands India Top 500 in 2015, and the top 100 list published by Dunn & Bradstreet for 2014-’15.
As the pioneers in Borer Proof Plywood and Boiling Water Resistant (BWR) the company, has successfully created a niche in the highly competitive lifestyle segment.
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