Century Ply Q3 net down 11 per cent to 41 crore
Kolkata, Feb 5 (PTI) Plyboard major Century Plyboards
India Ltd Tuesday reported a net profit of Rs 41.4 crore in
the third quarter of FY19', down 11 per cent over the
corresponding period last year despite higher revenue.
The company posted a net revenue of Rs 578.89 crore,
up 14 per cent during the quarter under review. Ebita got
squeezed to Rs 77.5 crore in Q3FY19' from Rs 92 crore in
Century Plyboards managing director Sanjay Agarwal
said, "laminate had to face high cost rise in petroleum
products. We have taken action for these issues."
"Price increase is effective. Usually, Q4 is the best
quarter," he said.
"All business verticals performed well with
sustainable revenue and profit achievement. We have maintained
a stable performance in Q3 in spite of the continuation of
poor real estate off-take. Going forward business is expected
to remain stable with growth prospect," Century Plyboards
chairman Sajjan Bhajanka said. PTI BSM