Century Plyboards (India) Ltd

Consolidated Financial Performance Q2 FY26-27

Record Quarterly Performance:

  • Achieved highest-ever quarterly revenue of ₹1,780.04 crore in Q2 FY26-27
  • Revenue growth of 28.5% YoY (₹1,385.53 crore in Q2 FY25-26)
  • Profit After Tax (PAT) increased by 46% YoY to ₹103.63 crore (₹70.95 crore in Q2 FY25-26)
  • EBITDA margin (excluding forex losses) stood at 13.1%

Half-Yearly Performance (H1 FY26-27):

  • Total income: ₹3,341.43 crore, growing 30.8% YoY
  • PAT: ₹186.93 crore, growing 50.9% YoY
  • EBITDA: ₹431.79 crore

Segment-wise Performance Q2 FY26-27

Plywood Segment:

  • Revenue growth: 14.0% QoQ and 28.6% YoY
  • EBITDA margin (ex-forex): 15.7%
  • Volume growth: 20.8% YoY to 1,52,560 CBM

Laminates Segment:

  • Revenue growth: 13.9% QoQ and 20.6% YoY
  • EBITDA margin (ex-forex): 11.6%
  • Volume: 19,26,680 nos, showing slight decline of 1.6% YoY

MDF Segment:

  • Revenue growth: 13.6% QoQ and 10.5% YoY
  • EBITDA margin (ex-forex): 8.9% with sequential improvement
  • Total volume: 1,23,853 CBM, growing 8.9% YoY

Particle Board Segment:

  • Exceptional revenue growth: 16.8% QoQ and 211.0% YoY
  • EBITDA margin (ex-forex): 7.4%
  • Volume: 49,351 CBM, growing 161.7% YoY

Logistics Services:

  • Revenue growth: 8.5% QoQ and 72.7% YoY to ₹58.83 crore
  • EBITDA margin (ex-forex): 25.5%

Financial Guidance for FY26-27

| Segment | Revenue Growth Guidance | EBITDA Margin Guidance |

| Plywood | 25%+ YoY | 14-15% |

| Laminates | 20%+ YoY | 10-12% |

| MDF | 16-18% YoY | Double digit by year end |

| Particle Board | 100%+ YoY | Double digit by year end |

| Logistics | 65%+ YoY | 20%+ |

Balance Sheet Position (as of Q2 FY26-27)

Capital Structure:

  • Shareholder's Equity: ₹2,795.08 crore (including share capital of ₹22.25 crore)
  • Total Debt: ₹1,771.38 crore comprising:
  • Long Term Debt (INR): ₹690.61 crore
  • Long Term Debt FC: ₹144.22 crore
  • Capex Buyers' Credit: ₹239.46 crore
  • Short Term Debt (From Banks): ₹697.08 crore

Asset Position:

  • Fixed Assets: ₹2,957.11 crore
  • Capital Work in Progress: ₹283.89 crore
  • Current Assets: ₹2,245.68 crore including:
  • Finished Goods Inventory: ₹497.18 crore
  • Raw Material Inventory: ₹662.37 crore
  • Sundry Debtors: ₹787.22 crore
  • Cash, Bank & Liquid Funds: ₹83.57 crore

Key Financial Ratios

Q2 FY26-27 Performance:

  • Return on Avg Equity (ROAE): 16.61%
  • Return on Avg Capital Employed (ROACE): 16.67%
  • Total Debt/EBITDA: 2.08x
  • Total Debt/Equity Ratio: 0.69
  • Interest Cover: 5.16x
  • Fixed Assets Turnover Ratio: 2.20x

Working Capital Metrics:

  • Debtor Days: 40.35 days
  • Raw Material Inventory Days: 33.95 days
  • Finished Goods Inventory Days: 25.49 days
  • Payables Days: 31.93 days
  • Cash Conversion Cycle: 67.87 days (2.26 months)

Capital Expenditure Details

Historical Capex (2014-15 to H1 FY26-27): ₹4,053.5 crore total investment

Major Projects:

  • MDF Greenfield at Andhra Pradesh: ₹752.0 crore (through Century Panels Ltd)
  • Particle Board Greenfield at Chennai: ₹702.4 crore
  • Laminates Greenfield at Andhra Pradesh: ₹204.1 crore (through Century Panels Ltd)
  • PVC Board Greenfield at Andhra Pradesh: ₹96.2 crore
  • Various plant expansions and upgrades across multiple locations

Subsidiary Performance Summary (H1 FY26-27)

The consolidated financials include performance from multiple subsidiaries including Century Panels Ltd, Century Furniture, Century Infotech, Century Infra, Century Pacific, Century Ports, and Century Gabon.