Century Plyboards’ Q3 Result Beat Led By Strong Recovery In Most Segments: IDBI Capital
A crane moves prefabricated wooden sections in Canada. (Photographer James MacDonald/Bloomberg)

Century Plyboards’ Q3 Result Beat Led By Strong Recovery In Most Segments: IDBI Capital


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. reported strong operating performance led by uptick in demand. Its Ebitda/net profit were 36%/42% above our estimates.

Its net sales increased 9.9% YoY to Rs 6.5 billion led by increases in sales from plywood and medium density fibre segment.

Ebitda increased 29.3% YoY to Rs 1.2 billion as its margins improved across segments.

During Q3 FY21, the company became a net debt free company as its working capital cycle days fell to 51 days (normal cycle 70 days).

Click on the attachment to read the full report:

IDBI Capital Century Plyboards Q3FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.