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IDBI Capital Report
Century Plyboards India Ltd.'s Q2 FY22 result was a strong beat led by sharp rise in sales across business all verticals.
Its net sales jumped 55% YoY to Rs 8.1 billion led by higher sales from plywood, laminates and medium-density fibre segments.
Ebitda increased by 87% YoY to Rs 1.6 billion while Ebitda margin expanded by 337 bps YoY and 625 bps QoQ to 19.9% despite rising prices of key inputs.
Century Plyboards aims to increase its revenues to Rs 50 billion by FY26 and plans to incur capex of over Rs 12 billion during the same period.
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