Century Plyboards net profit for the fourth quarter ending March 17' jumped 34.4 per cent to Rs 55.91 crore over the corresponding period last year.
Net Revenue from operations for the quarter under review was Rs 488.54 crore, a rise of 9.3 per cent over the corresponding period revenue of Rs 447.06 crore, the company today said.
"In the Q4 period, we booked forex gain of Rs 14 crore helping our profit to jump by 34 per cent. Despite so many challenges in the last financial year like demonetisation, slowdown in realty and competition from the unorganised sector, we have overcome all of that and ended up with better turnover and better net margin," Century Ply chairman Sajjan Bhajanka said.
He said the first quarter of the current fiscal is showing remarkable growth in demand.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.