Century Plyboards (India) Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, meeting on May 22, 2026, approved the standalone and consolidated financial statements. The company reported a standalone net profit of ₹27,682.03 lakh for the fiscal year 2026, compared to ₹28,455.69 lakh in the previous year. For the quarter ended March 31, 2026, the standalone net profit stood at ₹7,747.22 lakh.

Financial Performance

Revenue from operations for the full year increased to ₹4,64,596.56 lakh from ₹4,06,790.97 lakh in the prior year. Total income for the year rose to ₹4,68,328.60 lakh. On a consolidated basis, the company reported a net profit of ₹26,833.42 lakh for FY26, up from ₹18,608.23 lakh in FY25. Consolidated revenue from operations for the year reached ₹5,39,717.99 lakh.

Dividend Recommendation

The Board has recommended a final dividend of ₹1.00 per share (100% of the face value of ₹1 each) for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. Payment of the dividend will be made within 30 days from the date of approval by the shareholders.

Segment Performance

The Plywood and Allied Products segment remained the largest revenue contributor, reporting segment revenue of ₹2,92,132.06 lakh for the year. The Medium Density Fibre Board segment recorded revenue of ₹80,483.85 lakh, while the Laminate and Allied Products segment generated ₹62,481.31 lakh. Total assets as of March 31, 2026, stood at ₹4,15,823.80 lakh on a standalone basis.

Auditor's Report

The statutory auditors, M/s. S.R. Batliboi & Co. LLP, have issued an audit report with an unmodified opinion on the audited standalone and consolidated financial results for the financial year ended March 31, 2026.

Century Plyboards (India) Ltd has approved a proposal to establish a new manufacturing facility in Odisha for Plywood and Particle Board. The decision was taken during its Board Meeting held on May 22, 2026. The company plans to finance the project through a combination of debt and equity.

The proposed expansion involves a phased increase in capacity for both product lines. For Plywood, the company will add 60,000 CBM per year in Phase-1 and another 60,000 CBM per year in Phase-2. The Particle Board capacity will be augmented by 240,000 CBM per year. The total investment for the project is estimated at approximately ₹870 crore.

Investment and Capacity Details

The investment is distributed across two phases for the Plywood unit and a single phase for the Particle Board unit. The first phase of the Plywood unit requires an investment of approximately ₹230 crore, while the second phase is estimated at ₹140 crore. The Particle Board unit requires an investment of approximately ₹500 crore.

Strategic Rationale

The company cited several reasons for the expansion, including increasing demand for its products. Other factors driving the decision include proximity to the principal source of raw materials, the availability of manpower, and closeness to a large customer base.

The implementation of the new capacity is scheduled over the coming years. The first phase of the Plywood expansion is expected to be completed by Q1 of FY 2029-30, with the second phase following in Q1 of FY 2030-31. The Particle Board capacity is slated for addition by Q1 of FY 2031-32. The company noted that the proposed Particle Board manufacturing may be partially changed to MDF depending on business exigencies and strategic priorities.