Century Plyboards soars 10% as Q3 profit doubles
The stock hit a record high of Rs 199 on BSE in intra-day trade.
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Century Plyboards (India) has soared 12% to Rs 193 on BSE after reporting more than 100% jump in standalone net profit at Rs 41.37 crore for the third quarter ended December 31, 2014 (Q3). The company had profit of Rs 19.73 crore in a year ago quarter.
Net sales during the quarter under review grew 26% at Rs 382 crore against Rs 304 crore in the corresponding quarter of previous year. EBITDA margin expanded 700 bps to 18.9% from 11.79%.
The stock opened at Rs 175 and touched a new high of Rs 199 on BSE. Till 1502 hours, a combined 5.86 million shares changed hands as against an average sub 2 million shares that were traded daily in past two weeks on BSE and NSE.
Net sales during the quarter under review grew 26% at Rs 382 crore against Rs 304 crore in the corresponding quarter of previous year. EBITDA margin expanded 700 bps to 18.9% from 11.79%.
The stock opened at Rs 175 and touched a new high of Rs 199 on BSE. Till 1502 hours, a combined 5.86 million shares changed hands as against an average sub 2 million shares that were traded daily in past two weeks on BSE and NSE.
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First Published: Jan 21 2015 | 3:06 PM IST