Skip to main content

Century Plyboards’s Q1 Results for Financial Year 2022-23



India’s leading plywood company, Century Plyboards (India) Ltd., held their board meeting today to announce the company’s Q1 financial results for the quarter ending June 30th, 2022.

Highlights:

· Net Revenue from operations for the Quarter, ending 30th June, 2022 were Rs. 881.48 crores; an increase of 96.4% over corresponding period of last financial year Rs. 448.88 crores.



· Earnings before Depreciation Interest and Tax for the last quarter of Financial Year 2022-23 was Rs. 151.26 crores, an increase of 128.8% over corresponding period of last financial year Rs. 66.11 crores.



· Profit After Tax for the quarter ending 30th June, 2022, was Rs. 96.47 crores; showing an increase of 184.68% over corresponding period of last financial year Rs. 33.89 crores.



· We have performed exceptionally well across our product portfolio during the quarter under review

Commenting on the company’s performance, Sajjan Bhajanka, Chairman, Century Plyboards (I) Ltd said “Q1FY23 (Q1 being a leanest quarter in a financial year) ended with the company achieving revenue which was just 1.5% lower compared to Q4FY22 sales (Q4 being a peak quarter in a financial year). Despite the sustained input cost pressure in core segments of plywood & laminate, we have been able to mitigate a large part of our gross margin pressure by taking corresponding price increases and also through operating leverage.”
Labels:

Comments

Post a Comment

Also read

Does India need communal parties?

I think, it was Tan's post on this blog itself, Republic Day Event, where this question was raised. My answer. YES. we need communal parties even in Independent, Secular India. Now let me take you, back to events before 1947. When India was a colony of the British Empire. The congress party, in its attempt to gain momentum for the independence movement, heavily used Hinduism, an example of which is the famous Ganesh Utsav held in Mumbai every year. Who complains? No one. But at that time, due to various policies of the congress, Muslims started feeling alienated. Jinnah, in these times, got stubborn over the need of Pakistan and he did find a lot of supporters. Congress, up till late 1940's never got bothered by it. And why should we? Who complains? No one. But there were repercussions. The way people were butchered and slaughtered during that brief time when India got partitioned, was even worse than a civil war scenario. All in the name of religion. And there indeed was cr...
40 comments
Read more

Did You Ever Love Me? Book Review: Can Rithvik singh turn heartbreak into a homecoming?

Did You Ever Love Me? by Rithvik Singh is a tender contemporary poetry collection about love, heartbreak, longing, self worth and learning to let go. Its greatest strength is emotional accessibility: Singh writes directly to readers who feel intensely and care deeply. The collection offers comfort without pretending heartbreak is simple, though its simplicity may occasionally feel familiar to seasoned poetry readers. Did you Ever Love Me? Have you ever loved someone so completely that, after they left, you were left wondering whether they had ever understood what they had been given? Not merely whether they loved you, but whether they ever noticed how much you loved them, how much patience you offered, how many small things you remembered, or how often you chose to stay when leaving might have been easier. There is a particular loneliness in that question because it rarely arrives at a dramatic moment. More often, it finds you while you are doing something completely ordinary. Yo...
1 comment
Read more

A decade of live free: The Kaftan Company Marks 10 Years with Middle East Expansion and 'Homebody' Nightwear Collection

India's first kaftan-only brand grows from a single idea to 1000+ SKUs, four categories, a Hyderabad flagship and global fulfilment and now targets the 21–34 "homebody generation" Hyderabad, 7/9/26: The Kaftan Company (TKC), India's first brand dedicated exclusively to kaftans, has announced its expansion into multiple markets across the Middle East as it completes ten years in business. The announcement comes alongside the launch of Homebody, a nightwear collection built for women aged 21–34 who have stopped treating a night in as a consolation prize. Founded in 2016 by Prakruti Gupta Rao and Navin Rao, TKC set out to take a garment that Indian women wore at home but rarely talked about and make it a category in its own right. A decade on, the brand has grown into the widest-range kaftan player in the market with over 1000 SKUs spanning women's wear, maternity, kidswear and men's loungewear, a presence across Myntra, Nykaa Fashion, Tata CLiQ and Zivame, relat...
Post a Comment
Read more