Century Plyboards’s announced ever highest Quarterly topline in their Q2 Results for Financial Year 2024-25

Kolkata, November 13, 2024: CenturyPly, a leading seller of multi-use plywood and decorative veneers in India, announced their Q2 results today for the quarter ending 30th September 2024.

Highlights:

• Net Revenue from operations for the Quarter, ending 30th September 2024 were Rs 1063 crs; an increase of 10.6% over corresponding period of last financial year.
• Earnings before Depreciation Interest and Tax stood at Rs 134.4 crs
• Profit After Tax stood at Rs 75.7 crs

Business Outlook:

Commenting on the company’s performance, Mr. Sajjan Bhajanka, Chairman, Century Plyboards (I) Ltd said, “The Q2 results for FY 25 are consistent with our expectations. Year-over-year, standalone results indicate a robust growth of 10.6% and on consolidated basis, a growth of 18.7% in revenue. Despite experiencing cost pressures from rising raw material prices, the EBITDA margin for the Plywood segment has improved due to a favorable product mix and increased volumes. We have initiated commercial production of all product lines, including MDF, laminate, and PVC, at our Century Panel Badvel facility. Although we faced initial challenges typical of a new plant, we are progressively increasing production. The new MDF plant has contributed to an almost 75% growth in volume for MDF. MDF revenue has grew by 36.4% in Q2 Y-o-Y.”

Concurrently, the company is preparing its ESG report and plans to implement a plyboard expansion model in Chennai by March 2025. The company is deeply committed to sustainability and has implemented various measures to ensure that environmental sustainability is upheld. Recently, the brand launched its annual CSR campaign, Century Heroes, emphasizing on a more inclusive environment for individuals with disabilities.

The company’s steady growth has led to significant revenue increases, and it aims to optimize and expand capacity wherever opportunities arise.

About CenturyPly:

Century Plyboards (India) Ltd. (CPIL), the first ISO 9002 Company in India for plywood and veneer, started its operations in 1986; CPIL also received ISO 14001 Certification in 2004. The company was formed by Shri Sajjan Bhajanka and Shri Sanjay Agarwal. In a very short span, it has established itself as the market leader in this sector. CPIL has its manufacturing units at Kolkata, Chennai, Guwahati, Karnal, Kandla, Hoshiarpur. CPIL today manufactures the entire range of Plywood (commercial, marine, shuttering), Laminates, Veneers, Doors, MDF, Prelam, Fibre Cement Boards, PVC, Exterior Grade Laminates. ‘Construction World’, one of the most definitive business journals, has adjudged it as, “the Fastest Growing Company with the Highest Turnover” five times, for the years 2003, 2005, 2006, 2007 and 2008. It has featured in the Super Brands India Top 500 in 2015, and the top 100 list published by Dunn & Bradstreet for 2014-’15. The brand is synonymous with quality and has a history of customer focus and innovation, starting with Borer Termite Proof Plywood, Boiling Water Proof to the recent nano technology based properties like Virokill, best Firewall Technology or an QR code application to test if its products are genuine , the company is well poised to grow in the branded wood panel and decorative business.