Century Ply Q4 net down 4pc to Rs 34cr

Century Plyboards (I) Ltd on Monday reported a 4 per cent on-year decline in net profit for the quarter ended March to Rs 34.16 crore. Net revenue from operations for the quarter under review was Rs 583.23 crore, an increase of 7 per cent over the corresponding period a year ago.

"The economic conditions during the quarter were jittery and waiting for a political mandate from the public of the country. The overall situation, although not grim, was challenging," CenturyPly Chairman Sajjan Bhajanka said. "... Even in such a situation, we have grown and maintained our profitability," he said.

The company's board of directors has recommended a final dividend of Re 1 per share for 2018-19.