Century Ply Q1 profit jumps 51% on strong demand across business segments

Century Plyboards Ltd on Thursday reported a 51.2% rise in first-quarter profit, helped by broad-based sales growth across its four business segments and improved operational efficiency.Consolidated net profit rose to ₹52 crore for the quarter ended June 30, from ₹34.4 crore a year earlier.

Revenue from operations increased 16% to ₹1,169.3 crore, while EBITDA grew 15.4% to ₹128.5 crore. Operating margin remained flat at 11%.

Safety & industrial revenue rose 11.9%, while transportation & electronics grew 11.2%, the company said.Managing Director Ramesh Ramadurai said the performance reflects early traction from the sales and marketing investments made since mid-last year. “These results also reflect early traction from the sales and marketing investments… to improve our market penetration and commercial excellence,” he added.

Shares of the company were down 0.34% at ₹745.85 on the BSE at 3:20 p.m. IST.

Century Plyboards manufactures plywood, laminates, and decorative veneers used in residential and commercial interiors. Headquartered in Kolkata, the company also operates in the medium-density fibreboard (MDF) and particle board segments.