Century Plyboards slide as PAT slumps 60% YoY in Q1 FY25

Century Plyboards (India) slipped 3.96% to Rs 685.50 after the company's consolidated net profit tumbled 60.39% to Rs 34.43 crore in Q1 FY25, compared with Rs 86.93 crore posted in Q1 FY24.

Revenue from operations rose 12.84% year on year (YoY) to Rs 1,005.38 crore in the quarter ended June 2024.

Profit before tax stood at Rs 57.66 crore in June 2024 quarter, down 50.34% from Rs 116.11 crore posted in same quarter last year.

On segmental front, revenue from plywood and allied products stood at Rs 567.87 crore (up 14.22% YoY), medium density fibre board was Rs 209.49 (up 25.53% YoY), laminate and allied products was at Rs 154.04 crore (down 1.14% YoY), particle board stood at Rs 36.66 crore (down 7.1% YoY) and container freight station services was at Rs 24.58 crore (up 14.65% YoY) during the period under review.

During the quarter, total expenses increased 19.79% YoY to Rs 942.79 crore. Cost of materials consumed stood at Rs 481.34 crore (up 14.07% YoY), employee benefits expense was Rs 159.60 crore (up 21.83% YoY) while finance costs stood at Rs 14.95 crore (up 143.09% YoY) during the period under review.

Century Plyboards (India) is a manufacturer and distributor of building products. Its portfolio of products comprises plywood, block-board, decorative veneer and timber, particle boards, flush doors, medium density fiberboards (MDF), decorative laminates, pre-laminated boards, and fiber cement boards.

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