Century Plyboards Q2: Net profit rises 52% to ₹106 crore, revenue up 28%

Century Plyboards (India) Ltd reported a 51.7% year-on-year increase in consolidated net profit to ₹106.28 crore for the second quarter of FY27, compared with ₹70.04 crore in the corresponding quarter last year, aided by higher revenue and improved profitability.

Revenue from operations rose 28.5% to ₹1,780.04 crore in Q2 FY27 from ₹1,385.53 crore a year earlier. The company's profit before tax (PBT) increased 44.3% to ₹141.21 crore, against ₹97.87 crore in the year-ago period.

On a sequential basis, revenue grew 14% from ₹1,561.38 crore in the June quarter, while net profit increased 27.6% from ₹83.30 crore. PBT was up 21.5% quarter-on-quarter.

Profit attributable to owners of the parent stood at ₹100.75 crore, compared with ₹68.90 crore in Q2 FY26. Earnings per share increased to ₹4.53 from ₹3.10.

Plywood remains largest revenue contributor

The company's plywood and allied products business remained its largest revenue contributor, generating ₹861.23 crore during the quarter. Revenue from the MDF segment stood at ₹334.09 crore, while laminates and allied products contributed ₹199.36 crore. Particle board revenue was ₹87.65 crore and logistics services generated ₹53.86 crore.

However, the particle board business continued to report a segment loss, although the loss narrowed to ₹4.44 crore in Q2 FY27 from ₹14.61 crore in the year-ago quarter. The segment had reported a loss of ₹7.85 crore in the preceding quarter.

For the first half of FY27, consolidated revenue from operations increased 30.7% to ₹3,341.43 crore, while net profit rose 50.9% to ₹186.93 crore.

The company's cash flow and borrowing position also reflected its ongoing investment cycle. Net cash generated from operating activities stood at ₹176.37 crore in H1 FY27, compared with ₹287.85 crore in the corresponding period last year. Capital expenditure on property, plant and equipment and capital work-in-progress amounted to ₹368.27 crore during the six-month period.

Total current and non-current borrowings stood at around ₹1,929 crore as of September 30, 2026, compared with approximately ₹1,630 crore at the end of March 2026.

Separately, Century Plyboards disclosed plans to set up a wholly owned subsidiary in Singapore to market and distribute its laminates and related products in overseas markets. It also proposed a Hong Kong-based step-down subsidiary focused on trading furniture fittings, hardware and related products.

Shares of Century Plyboards (India) Ltd ended 1.50% higher at ₹658 apiece on the NSE on Tuesday. However, the stock has declined over 13% in the past year, underperforming the benchmark Nifty 50, which fell nearly 6.5% during the same period.