Company Update : Century Plyboards Ltd by Motilal Oswal Financial Services Ltd
In-line result; large capex announced in plywood and MDF
* Revenue/EBITDA/adj. PAT grew 18%/31%/22% YoY (in line).
* EBITDA margin at 12.6% expanded 125bp YoY.
* Plywood/Laminate/MDF/PB revenue grew 17%/7%/18%/84% YoY.
* The company approved the setup of a new unit in Uttar Pradesh for manufacturing plywood and MDF.
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