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Century Plyboards Q2 Review - Strong Recovery Across Segments; Valuation Fair: IDBI Capital

Century Plyboards Q2 Review - Strong Recovery Across Segments; Valuation Fair: IDBI Capital

A worker arranges a sheet of veneer at a plywood manufacturing workshop in Muzaffarpur, Bihar, India (Photographer: Prashanth Vishwanathan/Bloomberg)Q
A worker arranges a sheet of veneer at a plywood manufacturing workshop in Muzaffarpur, Bihar, India (Photographer: Prashanth Vishwanathan/Bloomberg)Q

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Century Plyboards India Ltd.'s Q2 FY22 result was a strong beat led by sharp rise in sales across business all verticals.

Its net sales jumped 55% YoY to Rs 8.1 billion led by higher sales from plywood, laminates and medium-density fibre segments.

Ebitda increased by 87% YoY to Rs 1.6 billion while Ebitda margin expanded by 337 bps YoY and 625 bps QoQ to 19.9% despite rising prices of key inputs.

Century Plyboards aims to increase its revenues to Rs 50 billion by FY26 and plans to incur capex of over Rs 12 billion during the same period.

Click on the attachment to read the full report:

IDBI Capital Century Plyboards Q2FY22 Result Update.pdf

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