Century Plyboards (India) Ltd's Q3FY17 standalone net profit declines 9.76% yoy to Rs.37 crore : Beats Estimates

plywood and veneer manufacturers

Jan 31, 2017 12:01 IST India Infoline Research Team

Century Plyboards (India) Ltd Q3FY17

Standalone Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 459 11.7
EDITDA 71 1.4
EBITDA Margin (%) 15.5 [156]
Net Profit (adjusted) 37 [9.8]
***EBITDA margin change is bps
Consolidated EPS for the quarter stood at Rs. 2.03.

Century Plyboards Ltd Q3FY17 results beat market estimates. Revenue stood at Rs 459 cr vs. consensus expectation of Rs 441 cr. EBITDA stood at Rs 71 cr vs. market estimates of Rs 70 cr. PAT was Rs 37 cr vs. market estimates of Rs 35 cr.

The standalone revenue of the company grew by 11.7% to Rs 459 cr yoy due to 10% yoy pickup in plywood & allied products revenue and 22% rise in laminate and allied products revenue.  It generates 74% revenue from plywood, 8% from laminate, 5% from logistics and 2% from others segment.

EBITDA grew only 1.4% yoy to Rs 71 cr due to increase in employee benefits and other expenses. The EBITDA margin stood at 15.4% vs. 17% in the corresponding quarter of previous year.

The standalone net profit stood at Rs 37 cr against Rs 41 cr in Q3FY16 due to decline in other income and increase in tax expense.

Technical View:

Century Plyboards (India) Ltd ended at Rs. 195.65, down by 3.45 points or 1.73% from its previous closing of Rs. 199.1 on the BSE.
The scrip opened at Rs. 201.7 and touched a high and low of Rs. 203.2 and Rs. 192.6 respectively. A total of 1169694(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

Related Story