Century Plyboards declines after weak Q1 results

Century Plyboards (India) fell 3.51% to Rs 284.80 at 14:27 IST on BSE after net profit fell 20.74% to Rs 34.12 crore on 7.06% increase in total income to Rs 473.97 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 1 August 2017.

Meanwhile, the S&P BSE Sensex was down 26.07 points, or 0.08% at 32,488.87. The S&P BSE Mid-Cap index was up 41.41 points, or 0.27% at 15,430.98.

On the BSE, 36,000 shares were traded on the counter so far as against the average daily volumes of 28,853 shares in the past one quarter. The stock had hit a high of Rs 303.80 and a low of Rs 280.80 so far during the day. The stock had hit a record high of Rs 312.95 on 16 June 2017 and a 52-week low of Rs 154.50 on 22 December 2016.

The stock had underperformed the market over the past one month till 31 July 2017, advancing 0.29% compared with the Sensex's 5.15% rise. The scrip had, however, outperformed the market over the past one quarter advancing 14.87% as against the Sensex's 8.68% rise. The scrip had also outperformed the market over the past one year advancing 25.49% as against the Sensex's 15.91% rise.

The mid-cap company has equity capital of Rs 22.22 crore. Face value per share is Rs 1.

Century Plyboards (India) is the largest seller of multi-use plywood and decorative veneers in the Indian organized plywood market.

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