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Shares of Century Plyboards Ltd. fell as much as 5.5% on Wednesday, November 13, after the company reported its September quarter results that declined on a year-on-year basis across parameters.
Net profit for the quarter fell by 17.2% from last year to ₹76 crore. The company had reported a net profit of ₹91.8 crore during the same quarter last year.
Revenue for the quarter increased by 10.6% to ₹1,063.2 crore compared to ₹961.7 crore on a year-on-year basis.
Earnings Before Interest, Tax, Depreciation and Amortisation fell by 12.5% from the year-ago period to ₹122.3 crore, while margin narrowed by 300 basis points to 11.5% from 14.5% during the base quarter.
Additionally, the company has considered a proposal to set up a new unit in the Punjab, which will manufacture Resin and Formaldehyde.
The new unit is slated to add 200 MTPD capacity of Formaldehyde and 250 MTPD capacity of Resin and is likely to be operational by September 2026.
This plan will involve an investment of ₹42 crore, which the company intends to fund through a mixture of internal accruals and bank financing.
Shares of Century Plyboards are currently trading 4.7% lower post the results announcement to ₹761.6. The stock is down 18% from its recent peak of ₹935. With this drop, the stock has also turned negative for the year, currently trading with losses of 5% year-to-date.
Net profit for the quarter fell by 17.2% from last year to ₹76 crore. The company had reported a net profit of ₹91.8 crore during the same quarter last year.
Revenue for the quarter increased by 10.6% to ₹1,063.2 crore compared to ₹961.7 crore on a year-on-year basis.
Earnings Before Interest, Tax, Depreciation and Amortisation fell by 12.5% from the year-ago period to ₹122.3 crore, while margin narrowed by 300 basis points to 11.5% from 14.5% during the base quarter.
Additionally, the company has considered a proposal to set up a new unit in the Punjab, which will manufacture Resin and Formaldehyde.
The new unit is slated to add 200 MTPD capacity of Formaldehyde and 250 MTPD capacity of Resin and is likely to be operational by September 2026.
This plan will involve an investment of ₹42 crore, which the company intends to fund through a mixture of internal accruals and bank financing.
Shares of Century Plyboards are currently trading 4.7% lower post the results announcement to ₹761.6. The stock is down 18% from its recent peak of ₹935. With this drop, the stock has also turned negative for the year, currently trading with losses of 5% year-to-date.
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