Century Plyboards shares plunged over 5 per cent intraday on Tuesday after the company reported a 15.54 per cent fall in standalone net profit at Rs 40.52 crore for the quarter ended March 2016. The plywood maker had posted a standalone profit of Rs 47.97 crore in the January-March period of the last fiscal.
Shares of the company settled the day 4.62 per cent lower at Rs 180.50. The scrip opened at Rs 189.75 and touched a high and low of Rs 194.50 and Rs 178.75, respectively, in trade. However, the benchmark index BSE Sensex settled 0.33 per cent up at 25,772.
Century Plyboards total income from operations on standalone basis increased 11.12 per cent to Rs 454.73 crore during the quarter under review as against Rs 409.21 crore in the same period previous fiscal.
For the year ended March 2016, the company reported a consolidated net profit of Rs 167.20 crore, up 12.24 per cent, against Rs 148.97 crore in the corresponding quarter a year ago.