Century Ply Q4FY22 PAT up just 2.2% at Rs88.55 crore as higher material cost and deferred taxes offset top line growth

18 May 2022 , 07:49 PM

Century Ply Ltd reported 20.95% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs901.05 crore. On a sequential basis, revenues were higher for the quarter by 5.41%.

For full year FY22, the revenues were higher by 42.1% at Rs3,027 crore. For Q4FY22, the company reported revenue growth across most of the key segments including plywood products, laminates, medium density fibre board and particle boards.

Net cash from Operating Activities fell by -25.6% to Rs276 crore due to spike in inventories.

The consolidated net profit for Q4FY22 was marginally up 2.2% at Rs88.55 crore while it was down on a sequential basis by -5.89%. For Q4FY22,

Century Plyboards witnessed a sharp growth in operating profits from the plywood products, medium density fibre board and the particle board segments.

However, EBIT of the laminates division fell sharply yoy in Q4FY22. Net margins were 9.83% in Q4FY22 quarter compared to 11.63% in Q4FY21. NPM was lower as compared to 11.01% in Q3FY22. It has recommended dividend of Rs1.50 per share.

Financial highlights for Mar-22 compared yoy and sequentially

	Century Ply
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 901.05	₹ 745.00	20.95%	₹ 854.79	5.41%
Net Profit (Rs cr)	₹ 88.55	₹ 86.64	2.20%	₹ 94.09	-5.89%
Diluted EPS (Rs)	₹ 3.99	₹ 3.90		₹ 4.24
Net Margins	9.83%	11.63%		11.01%