Century Ply Net Profit is Rs. 192 Crore in Fy 2021

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Century Plyboards India Limited announced its January-March quarter results for the financial year 2020-21 on June 10, reporting a 115 per cent growth in net profit to Rs 83 crore on a standalone basis, compared to Rs 38.79 crore in the year-ago period. According to a regulatory filing by the company to the stock exchanges, Century Plyboard's revenue from operations stood at Rs 738 crore in the March quarter of fiscal 2021, compared to Rs 524 crore in the corresponding quarter of the previous fiscal.

According to the statement, Century Plyboard's net profit for the entire fiscal year stood at Rs 192 crore, marking a growth of 21 per cent, compared to Rs 158 crore in the previous fiscal 2019-20. On yearly basis the revenue from operation was from Rs. 2317 crore last year to 2130 crore this year

Century Plyboards has announced at a Rs 650 crore cap-ex plan, its largest in recent times, over the next two years. The company will add an MDF (medium density fiberboard) unit in South India at an estimated cost of Rs 450 crore. The unit is expected to be operational by FY23. The other aspect is with regards to the expansion. The company is ramping up capacities at its MDF plant at Hoshiarpur in Punjab by 67 per cent (from 600 cubic meters per day to 1000 cubic meters per day) at an estimated cost of Rs 200 crore. Commercial production will start in the next in 2022. Century Plyboards is a manufacturer of laminates, plywood, doors, PVCs. The company provides plywood products under the brand name Century Ply.

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