Century Plyboards (532548) Q4 25/26 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 1,492 crore in Q4 FY 2026, up 10.5% QoQ and 24.5% YoY, with full-year revenue up 19.2% and PAT rising 44% to INR 268 crore, reflecting improved earnings quality and efficiency.

• Audited standalone and consolidated financial results for the year ended 31st March 2026 were approved with unmodified audit opinions; board recommended a final dividend of ₹1.00 per share for FY26.

• EBITDA margin (ex-forex) improved to 13.0% for FY 2026 and 13.7% in Q4.

• ROE increased to 15.2% and ROCE to 14.6%, indicating stronger operational and capital efficiency.

Financial highlights

• Q4 FY 2026 consolidated revenue was ₹1,492 crore; full-year consolidated revenue reached ₹5,397 crore, with consolidated net profit at ₹26,833.42 lakhs, up from ₹18,608.23 lakhs YoY.

• Q4 EBITDA (ex-forex/extraordinary) was ₹203.78 crore (13.7% margin); full-year EBITDA (ex-forex) was ₹702 crore (13.0% margin).

• Q4 PAT was ₹79.41 crore (5.3% margin); full-year PAT was ₹268.33 crore (5.0% margin).

• Segmental revenue growth in Q4 FY 2026: Plywood 11.4% QoQ/17.9% YoY, Laminate 8.4% QoQ/16.4% YoY, MDF 9.4% QoQ/31.5% YoY, Particleboard 3.9% QoQ/108.3% YoY.

• Exceptional items in FY 25-26 relate to gratuity impact from labor law changes.

Outlook and guidance

• Optimistic medium- to long-term outlook for building materials and interior infrastructure, supported by urbanization and rising incomes.

• Laminates segment expects continued momentum after a strong turnaround; Particle Board and MDF growth driven by new capacity and utilization.

• No formal segment guidance for FY 2027 due to geopolitical and supply chain uncertainties.

• Dividend payout is proposed, reflecting confidence in ongoing cash generation.