Century Plyboads Ltd: Mixed Set of Numbers for Q3 FY 2018-19
Century Plyboads Limited (CPBI) has posted its Q3 (December 2018) numbers today during the market hours. The Company has reported mixed set of numbers for the quarter under review!
Revenue from operations during the quarter ended 31 December ’18 grew by 11.53 percent year-on-year to INR 578.89 Cr versus INR 509.92 Cr same period last year. QoQ revenue grew by 2.56 percent ( INR 564.44 Cr )
The income from plywood and allied products decreased to INR 314.32 Cr as against INR 322.72 Cr, showing 2.60% de-growth YoY.
The income from laminate and allied products reported a healthy growth, increased 26.33% to INR 113.79 Cr as against INR 88.39 Cr year-on-year.
The company’s profit after tax stood at INR 41.41 Cr vs INR 46.66 Cr showing 11.25% decrease YoY basis.
The Company’s profitability get a hit because of high material prices (INR 253.50 Cr vs 203.99 Cr). Employee benefit expenses has also increased during the quarter under review.
About Century Plyboads
Century Plyboads Limited (CPBI) is a leading panel wood manufacturing company in India.
History: Century Plyboards (India) Limited was incorporated in the year 1982. In the year 1997, the company was the first to introduce the borer proof plywood in India.
Business and Operations: Century Plyboards is engaged in the manufacture, sale, and export of plywood and veneer in India. In fact, it has been the front-runner in applying innovation at work. They offer plywood, block-board, veneer, doors, and timber; various laminates, including decorative laminates and pre laminated boards; and ferro alloys comprising ferro silicon.
The company also engage in power generation; offer cement and clinker; and provide adhesives and chemicals, as well as involves in logistic activities.
The company operates in five segments, namely plywood, laminates, ferro alloys and power, cement, and others.
The company manufacture plywood and market their plywood products under the brand name, Century Ply.
Due to its constant innovation, CenturyPly is the unprecedented choice of architects and interior designers as they strongly recommend company’s products for transforming ordinary steel and concrete structures to expressions of one’s personality.
Stock Price Movement
The stock ended at INR 162.15 when the market closed on Tuesday! During the quarter ended December 2018, the share prices of Century Plyboads has made a low of INR 150 and high of INR 214
Century Plyboads on Technical Charts
The stock prices of CenturyPly is trading 23.58% lower when compared to its 200 EMA (212) and trading 6.90% lower when compared to its 50 EMA (174)
Average Return
The stock has given -35.20% returns over the past six months and -46.55% returns over the last 12 months.
Century Plyboads current market cap is more than INR 3600 Cr and trading at a PE ratio of 22
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