News: Century Plyboard’s (CPIL) Q4FY22 performance was highlighted by robust growth across segments. The topline was up 21.2% YoY to Rs. 895.3 crore, with overall growt2 in FY21 at ~42% YoY. MDF, plywood/laminate revenues grew 36.7%, 19.4%, 13.5% YoY to Rs. 163, Rs. 477, Rs. 174 crore, respectively. EBITDA margin expanded 80 bps YoY to 18% on account of operating leverage. Overall, reported PAT was up 9.4% YoY to Rs. 91 crore, given the healthy operating performance
Views: CPIL’s results are strong on all fronts with healthy growth trajectory across segments. We are also impressed by the in balance sheet wherein it continues to be a net cash company and funding expansion largely through internal accruals
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