Left Menu
Development News Edition

Century Ply Q3 net down 11 per cent to 41 crore


Century Ply Q3 net down 11 per cent to 41 crore

Plyboard major Century Plyboards India Ltd Tuesday reported a net profit of Rs 41.4 crore in the third quarter of FY19', down 11 per cent over the corresponding period last year despite higher revenue. The company posted a net revenue of Rs 578.89 crore, up 14 per cent during the quarter under review. Ebita got squeezed to Rs 77.5 crore in Q3FY19' from Rs 92 crore in Q3FY18'.

Century Plyboards managing director Sanjay Agarwal said, "laminate had to face high cost rise in petroleum products. We have taken action for these issues." "Price increase is effective. Usually, Q4 is the best quarter," he said. "All business verticals performed well with sustainable revenue and profit achievement. We have maintained a stable performance in Q3 in spite of the continuation of poor real estate off-take. Going forward business is expected to remain stable with growth prospect," Century Plyboards chairman Sajjan Bhajanka said..

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

WEF2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...

Videos

Latest News

Report: Packers bringing back DC Pettine

The Green Bay Packers will bring back defensive coordinator Mike Pettine in 2020, ESPN reported Wednesday, news that emerged just hours after head coach Matt LaFleur was noncommittal about Pettines future. During Wednesdays season-ending pr...

U.S. senators on 'digital detox' as they hear Trump's impeachment trial

Some members of the U.S. Senate hearing President Donald Trumps impeachment trial, a proceeding following decades-old precedent, said they welcomed at least one of the chambers anachronistic rules a ban on cellphones.Were all on a digital d...

16 people monitored for contact with U.S. coronavirus victim

At least 16 people had close contact with a Washington state man diagnosed as the first U.S. case of the coronavirus and are being monitored for the illness that has killed 17 people in China and sickened hundreds more, local officials said...

Harry, Meghan, their new neighbors and the paparazzi

Victoria Canada, Jan 23 AFP In explaining his decision to give up his work as a senior member of Britains royal family, Prince Harry laid part of the blame at the feet of the media, which he called a powerful force. Indeed, in a 2017 BBC do...

Give Feedback