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] |
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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.
