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Last Updated : Nov 08, 2019 09:32 PM IST | Source: PTI

Century Plyboards Q2 net profit rises 38%

Its net revenue from operations for the quarter under review stood at Rs 589.35 crore, up by 4.4 percent from Rs 564.44 crore in the corresponding period of the last fiscal.

 
 
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Century Plyboards on November 8 reported a 38 percent increase in its net profit to Rs 52.15 crore in the second quarter of the current fiscal as compared to Rs 37.81 crore in the year-ago period.

Its net revenue from operations for the quarter under review stood at Rs 589.35 crore, up by 4.4 percent from Rs 564.44 crore in the corresponding period of the last fiscal.

Laminates and MDF (medium-density-fibre) division have performed "exceptionally well" during the September quarter, the company said in a statement, adding that favourable market conditions, lower commodity prices and better sales volume have led to an improvement in margin.

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Commenting on the companys performance, Sajjan Bhajanka, chairman, Century Plyboards(I) Ltd said, "This has been an excellent set of results. It has been a difficult and challenging business environment for all manufacturers across the country but I think our foray into particle board and MDF has shown phenomenal results."

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First Published on Nov 8, 2019 09:22 pm
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