ALFA Finder
The call ran from 2:01 PM to 2:41 PM IST (41 min).
Key takeaways
Record consolidated revenue of ₹1,780 Cr (+28.5% YoY) and PAT up 46%, but MDF margins are still about 8% and FY28 guidance was withheld.
| Revenue growth | Consolidated revenue +28.5% YoY; ~7% plywood price hike inflates value growth. |
|---|---|
| Margins | EBITDA margin 13.1%; MDF ~8% in H1, double-digit targeted in H2. |
| Demand visibility | Plywood demand strong; MDF industry growth 'not a challenge'. |
| Management confidence | Balanced: confident on plywood, cautious on MDF margins. |
Growth
Consolidated revenue +28.5% YoY; plywood +28.6%, laminates +20.6%, MDF +10.5% YoY. A ~7% plywood price hike from April inflates value growth.
Outlook
MDF growth 17-18% in FY27 and double-digit MDF margin in H2. Plywood EBITDA margin 14-15% for FY27. Long-term debt/EBITDA below 1x next year.
Risks
MDF overcapacity (~30% industry capacity addition) keeps margins near 8%. Analyst-cited net debt/EBITDA of 2.4x. Laminate volumes falling.
Last quarter's promises, checked
Delivered
- Guided no large capex, cash to debt → no major capex; ~₹900 Cr EBITDA to repayment (= BEAT)
Partly delivered
- Guided 12–15% YoY plywood growth → +28.6% value, ~7% price-led, volume n/a (= PARTIAL)
Missed
- Guided MDF 15%+ margin → ~8% in H1; H2 target cut to double-digit (= MISS)
- Guided LT debt ≤1x EBITDA → net debt/EBITDA 2.4x, analyst-cited (= MISS)
- Guided MDF 'good growth' → +10.5% YoY vs ~29% in Q1 (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Century Plyboards (India) Q2 FY27 Results: Net Profit ₹103.6 Cr, Up 46.1% YoY
Century Plyboards (India) Ltd reported revenue from operations of ₹1,780 Cr (+28.5% YoY) and net profit of ₹103.6 Cr (+46.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹103.6 Cr · +46.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 15% plywood market share in 5 years; 60k CBM Hoshiarpur plant operational in Q3 FY27.
Growth they described
Revenue grew 33.5% YoY; PAT increased 57% YoY to INR 83.3 Cr. Plywood volumes rose 29%.
Call details
| Company | Century Plyboards (india) Limited |
|---|---|
| NSE symbol | CENTURYPLY |
| ISIN | INE348B01021 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 2:00 PM IST |
| Length | 41 min |
| Audio | Our stream on YouTube ↗ |
Century Plyboards (india) Limited: key numbers
- Share price
- ₹639.25
- Market cap
- ₹14,202 Cr
- Revenue (annual)
- ₹5,397 Cr
- Net profit (annual)
- ₹262.7 Cr
- P/E (TTM)
- 44.0×Sector 37.4×
- Promoter holding
- 71.83%+0.00% QoQ
- FII holding
- 3.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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