Century Plyboards Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 28, 2022 at 03:45 am EST
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Century Plyboards (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 8,547.92 million compared to INR 6,601 million a year ago. Revenue was INR 8,607.19 million compared to INR 6,613.32 million a year ago. Net income was INR 940.93 million compared to INR 658.55 million a year ago. Basic earnings per share from continuing operations was INR 4.24 compared to INR 2.96 a year ago.
For the nine months, sales was INR 21,259.71 million compared to INR 13,853.6 million a year ago. Revenue was INR 21,436.71 million compared to INR 13,924.6 million a year ago. Net income was INR 2,245.06 million compared to INR 1,048.32 million a year ago. Basic earnings per share from continuing operations was INR 10.11 compared to INR 4.72 a year ago.
Century Plyboards (India) Ltd. is an India-based company, which is primarily engaged in the manufacturing and sale of plywood, laminates, decorative veneers, medium-density fiberboards (MDF), pre-laminated boards, particle board and flush doors, and providing container freight station (CFS) services. The Company has manufacturing facilities near Kolkata, Karnal, Guwahati, Hoshiarpur, Kandla and Chennai. Its container freight station is located near Kolkata port. The Company operates through six segments: Plywood, Laminate, MDF, Particle Board, CFS Services and Others. Plywood segment provides plywood, block-board, veneer and timber. Laminate segment provides decorative Laminates. MDF segment offers plain and pre-laminated medium density fiber boards. Particle Board segment offers plain and pre-laminated particle board. CFS Services segment provides container freight stations services. Others segment provides mainly trading of chemicals and new age panel products.