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Business Economy


Century Plyboards Q3 net profit up 48 pc at Rs 97.3 cr in FY22

Hyderabad, Jan 28 (UNI) India’s leading plywood company, Century Plyboards (India) Ltd. On Friday reported its Profit After Tax (PAT) increased 48 per cent atRs 97.3 crores in the third quarter ended December 31, 2021 as against Rs 65.9 crores in the corresponding quarter of the previous financial year.
Net Revenue from operations for the Third Quarter was Rs 848 crore, an increase of 30 per cent over corresponding period of last financial year (Rs 654 crore), the company said in a statement here.
Plywood, MDF and Particle Board segments have performed significantly well during the quarter under review.
MDF segment in particular has shown significant improvement in profitability driven by product mix improvement and higher realisations.
Commenting on the performance, Century Plyboards Chairman Sajjan Bhajanka said “Q3FY22 ended with the company achieving best ever quarterly sales. We have further tightened our balance sheet in Q3FY22 by virtue of prudent working capital management. This has not only augmented our war chest for future capex (Net cash on books as on 31st Dec’21 at Rs 217 crore) but has also enabled us to maintain our high RoCEs (35.6% in Q3) despite the high input cost inflation scenario.”.
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