Century Plyboards (532548) Q4 23/24 earnings summary

Executive summary

• Achieved 6.2% YoY revenue growth to ₹3,758.57 Cr, despite sectoral headwinds and lower realisations in MDF and particle board segments.

• Net profit declined 9.8% YoY to ₹314.73 Cr, mainly due to demand-supply mismatch and increased costs.

• EBITDA margin contracted by 160 bps to 14.19% in FY24.

• Continued largest-ever capex cycle of ₹2,000 Cr, with 57% of planned outlay completed by year-end.

Financial highlights

• Standalone revenue: ₹3,758.57 Cr (up 6.18% YoY); consolidated revenue: ₹3,885.95 Cr (up 6.56% YoY).

• Standalone PAT: ₹314.74 Cr (down 9.64% YoY); consolidated PAT: ₹325.33 Cr (down 13.70% YoY).

• EBITDA: ₹533.50 Cr (down from ₹560.34 Cr YoY).

• EPS: ₹14.17 (down from ₹15.68 YoY).

• Dividend proposed: ₹1 per share.

Outlook and guidance

• Targeting ₹12,000 Cr turnover by 2031, driven by capacity expansion in MDF and particle board.

• Plans to commission new capacities in Andhra Pradesh, Tamil Nadu, and Punjab by FY25.

• Focus on digitalisation, product innovation, and expanding presence in Tier II/III cities.

• Expecting improved performance in FY25 as new capacities ramp up.