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ICICI Direct Report
Century Plyboards India Ltd. reported weak Q1 FY22 sequential results.
Topline was up 124% YoY (down 39% QoQ) to Rs 448.9 crore.
Medium density fibre, plywood, laminate revenues grew 200%, 125%, 118% YoY to Rs 91 crore, Rs 223 crore, Rs 88 crore, respectively.
QoQ decline in MDF, plywood, laminate segment was 24%, 44%, 43%, respectively.
Century Plyboards' Ebitda margin expanded 1320 basis points YoY to 13.6% (down 360 bps QoQ) on account of operating leverage.
Reported profit after tax was at Rs 33.9 crore versus loss in Q1 FY21 and down 59% QoQ.
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