Q3 2025 Century Plyboards (India) Ltd Earnings Call Transcript
Key Points
- Century Plyboards (India) Ltd (BOM:532548) reported a solid 10.3% year-over-year increase in standalone revenue for Q3 FY25.
- The company's consolidated revenue grew by 20.7% year-over-year, indicating strong overall performance.
- The plywood segment showed impressive growth, with a 19.2% year-over-year revenue increase in Q3.
- The newly established plant at Badvel is now EBITDA positive, contributing positively to the company's financials.
- The company is setting up a continuous process facility to improve quality and reduce costs, expected to enhance growth and profitability in the future.
- The overall EBITDA margin declined to 11.5% in Q3 from 12.6% in Q2, primarily due to lower volumes.
- The laminate segment faced challenges with declining revenue year-over-year and quarter-on-quarter.
- The particle board segment experienced a 3.1% year-over-year revenue decline, with an EBITDA margin of only 4.8%.
- There is continued pressure on margins until the new continuous process facility becomes operational.
- The company faces challenges in the laminate segment due to execution issues, leading to a change in leadership to address these problems.
Ladies and gentlemen, good day and welcome to Century Plyboards Limited Q3 FY25 conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Navin Agarwal, Head Institutional Equities. Thank you, and over to sir.
Good afternoon, ladies and gentlemen. I'm pleased 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; Mrs. Nikita Bansal, Executive Director; Mr. Arun Julasaria, CFO; and Mr. Suman Wattas, CEO for the MDF business.
We'll have the opening remarks from Mr. Sanjay Agarwal followed by Q&A session. Thank you and over to you, Mr. Agarwal.
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