Friday, Jun 21 2024 | Time 20:04 Hrs(IST)
Business Economy

Century Ply profit slides 31 pc to Rs 79.54 crore in Q4FY24

New Delhi, May 24 (UNI) Century Plyboards (India) Ltd on Friday reported a 30.62% year-on-year decline in consolidated net profit at Rs 79.54 crore for January-March quarter (Q4) of the financial year 2023-24.
The company had posted a net profit of Rs 114.65 crore in the Q4 of the previous financial year 2022-23.
During the March quarter of FY24, Century Plyboards' revenue from operations stood at Rs 1,060.72 crore as against Rs 965.45 crore during the corresponding quarter of previous financial year.
For the full year ended March 31, 2024, the company's net profit was Rs 326.39 crore as against Rs 376.22 crore. In FY24, the company's revenue from operations was Rs 3885.95 crore as against Rs 3,646.57 crore during the previous financial year.
Commenting on the company’s performance, Sajjan Bhajanka, Chairman, Century Plyboards said, “The company has delivered good set of numbers during the time when there is pressure on margin due to reduction in realisation on account of intense competition and increase in cost of timber. With addition of new capacity under most of the segment, we are expecting good growth in topline in the coming year.”
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