Century Plyboards Q2 Results Review


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Century Plyboards India Ltd.’s Q2 FY23 Ebitda margin was below our estimate, although sales were in-line with our expectations. Its net sales was flat YoY to Rs 9,002 million.

However, Ebitda fell by 28.6% QoQ to Rs 1,037 million.

Ebitda margin contracted by 496 bps QoQ to 11.5% due to rising prices of raw material cost across all the segment (except laminates).

Nevertheless, the company expects demand to remain robust in H2 FY23 due to strong demand in real estate space and softening of commodity prices.

Century has improved its working capital by four days QoQ to 55 days. However, we cut our F23/FY24 Ebitda forecast by 11%/7% respectively due to factor rising prices of key inputs.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Source link

What is your reaction?

In Love
Not Sure

You may also like

Comments are closed.

More in:Business