Century Plyboards (532548) Q1 26/27 earnings summary

Executive summary

• Unaudited standalone and consolidated results for the quarter ended June 30, 2026, were approved by the Board and received an unmodified auditor conclusion.

• Consolidated revenue reached a quarterly record of INR 1,561.38 crore, up 33.5% YoY; PAT rose 57.4% to INR 83.30 crore.

• Growth spanned plywood, laminates, MDF, particle board and logistics; management emphasized utilization, asset productivity and disciplined capital allocation.

Financial highlights

• Consolidated revenue from operations was INR 1,561.38 crore, up from INR 1,169.36 crore YoY; net turnover was INR 1,547.46 crore and total income INR 1,561.38 crore.

• EBITDA excluding extraordinary items reached INR 199.95 crore, up 53.8% YoY; EBITDA margin excluding forex losses improved to 13.0% from 12.5%.

• Consolidated PAT was INR 83.30 crore, up 57.4% YoY; basic and diluted EPS was INR 3.61.

• Gross profit margin stood at 32.8%.

• Standalone revenue from operations was INR 1,348.41 crore and net profit INR 94.49 crore.

Outlook and guidance

• Broad revenue and volume guidance is paused amid geopolitical and input-cost volatility; the objective remains to sustain growth and improve margins.

• MDF gross margin objective remains 15%; management said it will pursue this as soon as possible while maintaining the growth trajectory.

• Particle board utilization and volumes are expected to rise QoQ, with margins targeted closer to 15% over the next year.

• Hoshiarpur’s 60,000 CBM/year plywood plant is expected to start in Q3 FY27; Chennai capacity is set to reach 10,000 CBM/month in Q2 and 12,500 CBM/month from Q3 FY27.

• UP plywood timing depends on land receipt, with operations expected by April 2028; the UP MDF project may lag by a year, while Odisha land discussions continue.