Century Plyboards (India) Q3FY16 standalone net profit rises 0.54% yoy to Rs. 42 crore : Misses Estimates

The company’s revenue stood at Rs. 390.61 crore, increasing 1.24% yoy but decreasing 11.67% qoq

Jan 28, 2016 08:01 IST India Infoline News Service

Century Plyboards (India) , plywood and veneer manufacturers, reported standalone net profit of Rs. 41.59 crore for the quarter ended December 31, 2015, registering growth of 0.54% yoy but decline of 10.09% qoq. The company’s revenue stood at Rs. 390.61 crore, increasing 1.24% yoy but decreasing 11.67% qoq.

Its standalone core operating profit of Rs. 69.57 crore for the quarter, declined by 1.99% yoy and 5.78% qoq. Operating profit margin for the current quarter at 17.81% contracted by 59 bps yoy but expanded by 111 bps qoq.

For nine months ended December 31, 2015, the company reported standalone net profit of Rs. 127.54 crore, growing by 24.01% yoy. Its standalone revenue for the period stood at Rs. 1,203.72 crore, registering growth of 4.17% yoy.

Century Plyboards' (India) core operating profit stood at Rs. 208.91 crore, recording growth of 17.5% yoy. Operating margin for the current period at 17.36% expanded by 197 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results Bloomberg Estimates Variance (%)
Standalone Revenue 390.61 422 [7.44]
Standalone Net Profit 41.59 45.26 [8.10]

Standalone EPS for the quarter stood at Rs. 1.87.

Stock Commentary:

Century Plyboards (India) Ltd is currently trading at Rs. 157.25, down by 6.1 points or 3.73% from its previous closing of Rs. 163.35 on the BSE.

The scrip opened at Rs. 161.2 and has touched a high and low of Rs. 166.2 and Rs. 156.4 respectively. So far 102655(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3629.64 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 261.75 on 02-Mar-2015 and a 52 week low of Rs. 137.75 on 04-Sep-2015. Last one week high and low of the scrip stood at Rs. 166 and Rs. 152.7 respectively.

The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 13.98 % and 12.68 % respectively.

The stock is currently trading above its 200 DMA.

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