Century Plyboards' Net Revenue Up By 96.4% in Q1 FY23
India’s leading plywood company, Century Plyboards (India) Ltd., held their board meeting to announce the company’s Q1 financial results for the quarter ending June 30th, 2022. Net Revenue from operations for the Quarter, ending 30th June, 2022 were Rs. 881.48 crores; an increase of 96.4% over corresponding period of last financial year Rs. 448.88 crores. Earnings before Depreciation Interest and Tax for the last quarter of Financial Year 2022-23 was Rs. 151.26 crores, an increase of 128.8% over corresponding period of last financial year Rs. 66.11 crores. Profit After Tax for the quarter ending 30th June, 2022, was Rs. 96.47 crores; showing an increase of 184.68% over corresponding period of last financial year Rs. 33.89 crores. We have performed exceptionally well across our product portfolio during the quarter under review. Commenting on the company’s performance, Sajjan Bhajanka, Chairman, Century Plyboards (I) Ltd said “Q1FY23 (Q1 being a leanest quarter in a financial year) ended with the company achieving revenue which was just 1.5% lower compared to Q4FY22 sales (Q4 being a peak quarter in a financial year). Despite the sustained input cost pressure in core segments of plywood & laminate, we have been able to mitigate a large part of our gross margin pressure by taking corresponding price increases and also through operating leverage.”
Tags : Century Plyboards Revenue Financial Year Sajjan Bhajanka Chairman Century Plyboards (I) Ltd