Century Plyboards Q3 Results: Net Profit Dips 6% To Rs 58.8 Crore

Century Plyboards (India) Ltd. on Friday reported a 6.1% decline in consolidated net profit to Rs 58.8 crore for the quarter ended Dec. 31, 2024, compared to Rs 62.7 crore in the year-ago period, owing to higher input and finance costs. The revenue from operations grew 21.7% year-on-year to Rs 1,140.47 crore in the reporting quarter, up from Rs 937.4 crore in the corresponding period a year earlier, driven by strong sales in the plywood and MDF segments.

The company’s expenses rose to Rs 1,062.8 crore from Rs 862.5 crore a year ago, it said in an exchange filing.

Century Plyboards also incorporated a new subsidiary, Century Panels BV in the Netherlands, for laminate and MDF distribution.

The company completed the acquisition of Century Infotech Ltd as well, making it a wholly owned subsidiary.

Sajjan Bhajanka, Chairman, Century Plyboards (I) Ltd said in a statement: “The plywood segment continues to perform exceptionally well, ranking among the fastest-growing segments in the building materials industry.” Shares of Century Plyboards on Friday closed 0.23% higher at Rs 863 on the NSE.