Century Plyboards (India) Ltd's Q4FY18 standalone net profit declines 36.11% yoy to Rs35.72cr : Misses Estimates

The company’s standalone revenue stood at Rs544.13cr, up 11.38% yoy.

May 16, 2018 01:05 IST India Infoline Research Team

Century Plyboards (India) Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 544.13 11.4
EBITDA 83.16 [0.7]
EBITDA Margin (%) 15.3 [187]
Net Profit 35.72 [36.1]
***EBITDA margin change is bps
View

Buy

Reco. Price

329

Last updated on

02-May-2018



For Q4FY18, Century Plyboard’s (India) Ltd’s revenue increased by 11.4% yoy to Rs 544.13cr as against Rs488.54cr (net of excise duty), missing the consensus estimate. The company’s EBITDA margin has decreased by 187bps yoy to 15.3% as against 17.1%. The company reported EBITDA stood at Rs83.16cr. The company’s PAT declined by 36.1% yoy to Rs35.72cr as against Rs55.91cr last year, missing the consensus estimate by 28.5%.

• The MDF profitability for the quarter is on the adverse side because of substandard quality of board produced during initial quality stabilisation period.
• MDF production has started w.e.f October 03, 2017



Technical View:

Century Plyboards (India) Ltd is currently trading at Rs. 280.65, down by 25 points or 8.18% from its previous closing of Rs. 305.65 on the BSE.
The scrip opened at Rs. 305 and has touched a high and low of Rs. 309.25 and Rs. 275.50 respectively. So far 8,13,144 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.


Related Story