InvestorQ : Why did the profits of Century Plyboards end up flat for the fourth quarter?
Ria Jain made post

Why did the profits of Century Plyboards end up flat for the fourth quarter?

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Dia Deshpande answered.
9 months ago
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For the March 2022 quarter, Century Ply sales grew 20.95% at Rs901.05 crore. FY22 full year the revenues were higher by 42% at Rs3,027 crore. If one looks at the verticals of Century Plyboards, then there was stable revenue growth across all verticals including plywood products, laminates, medium density fibre board and particle boards. Net cash from Operating Activities fell -25.6% to Rs276 crore due to a sharp spike in inventory levels.

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%

  

Century Plyboards reported net profits of Rs88.55 crore, up by just 2.2%, for the fourth quarter ended March 2022. For Q4FY22, the company witnessed growth in operating profits of the plywood products, medium density fibre board and the particle board segments. However, EBIT of laminates division fell sharply in Q4FY22. Net margins were 9.83% in Q4FY22 quarter compared to 11.63% in Q4FY21 and as against 11.01% in Q3FY22.

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