Century Plyboards Q2 net rises 38pc
Kolkata, Nov 8 (PTI) Century Plyboards on Friday reported
a 38 per cent increase in its net profit to Rs 52.15 crore in
the second quarter of the current fiscal as compared to Rs
37.81 crore in the year-ago period.
Its net revenue from operations for the quarter under
review stood at Rs 589.35 crore, up by 4.4 per cent from Rs
564.44 crore in the corresponding period of the last fiscal.
Laminates and MDF (medium density fibre) division have
performed "exceptionally well" during the September quarter,
the company said in a statement, adding that favourable market
conditions, lower commodity prices and better sales volume
have led to an improvement in margin.
Commenting on the companys performance, Sajjan
Bhajanka, chairman, Century Plyboards(I) Ltd said, "This has
been an excellent set of results. It has been a difficult and
challenging business environment for all manufacturers across
the country but I think our foray into particle board and MDF
has shown phenomenal results." PTI DC