Q1 2025 Century Plyboards (India) Ltd Earnings Call Transcript
Key Points
- Century Plyboards (India) Ltd (BOM:532548) reported a year-on-year revenue growth of 10.5% on a standalone basis and 12.8% on a consolidated basis.
- The plywood division posted a better-than-expected year-on-year growth of 14.9% with EBITDA margins of 14.4%.
- The newly set up MDF facility at Andhra Pradesh has ramped up quickly, showing a year-on-year growth of 47.3% in volume.
- The company expects the new MDF facility to be EBITDA positive by the third quarter.
- The company has taken strategic steps to improve raw material linkages, helping to keep costs under control compared to competitors.
- The MDF market is under huge supply pressure, leading to a correction in average realization.
- The particle board industry is facing pressure both in terms of average realization and raw material costs.
- The company has taken an impairment loss of INR24.06 crores due to the sale of its Singapore subsidiary.
- The new MDF facility at Andhra Pradesh is currently operating at less than 20% utilization, which is significantly low.
- The company has seen a marginal increase in timber costs, which could continue to rise in the next two quarters.
Good day, ladies and gentlemen, and welcome to Century Plyboards Limited Q1 FY25 results conference call. (Operator Instructions) Please note that this conference is being recorded.
And I now hand the conference over to Mr. Navin Agarwal, Head Institutional Equities. Thank you over to you, sir.
Good afternoon, ladies and gentlemen, it's my pleasure to welcome you to this financial results conference call. On behalf of Century Plyboards and SKP Securities. We have with us Mr. Sanjay Agarwal, MD and CEO, along with Mr. Keshav Bhajanka, Executive Director; Mr. Arun Julasaria, Chief Financial Officer; and Mr. Sumant Wattas, CEO, NBF business. We'll have the opening remarks from Mr. Sanjay Agarwal, followed by a Q&A session. Thank you, and over to you, Sanjay.
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Thank you, Navinji. Thank you. I welcome you all at
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