Century Plyboards posted fiscal fourth quarter profit at Rs 114.60 crore, up 29.1 per cent from Rs 88.76 crore in the same quarter last year. It posted revenue from operations at Rs 965.45 crore, up 7.1 per cent as against Rs 901.05 crore in the fourth quarter of FY22. The company EBITDA stood at Rs 163.8 crore growing at 2 per cent on-year. The Board also recommended a dividend at Re 1 per equity share of face value Re 1 each. “Payment of dividend through RTGS/ NECS/ dividend warrants/ demand drafts as the case may be shall be made within 30 days from the date of approval by the shareholders in the Annual General Meeting of the Company,” it said in a regulatory filing.
Century Plyboard’s segment wise performance
In terms of segment wise performance, the company’s plywood and allied products category posted revenue for the fourth quarter at Rs 571.08 crore, laminate and allied products business clocked revenue at Rs 160.20 crore, medium density fibreboard recorded revenue at Rs 161 crore, while particle board posted revenue at Rs 37.25 crore and container freight station services posted revenue at Rs 23.52 crore.
Earlier last year, Century Plyboard had announced its plans to invest Rs 1,000 crore in he company. “The building material market is expected to grow in the coming 5-6 years and plywood, mostly used for interior decoration, has become an essential building material,” Sajjan Bhajanka, Chairman, Century Ply Boards (India), had said. CPIL has its manufacturing units in Kolkata, Chennai, Guwahati, Karnal, Kandla, Myanmar and Laos. The company has a pan-India online presence with product availability on Flipkart and Amazon. CPIL manufactures the entire range of commercial, marine, shuttering and decorative plywood.
In FY22, the company had set up an integrated wood panel manufacturing factory in Gopavaram, Kadapa district of Andhra Pradesh at an initial investment of Rs 800 crore, including MDF for Rs 600 crore and laminates for Rs 200 crore in phase 1.