Century Plyboards Sets Ambitious Growth Targets, Aims for INR 12,000 Crore Turnover by FY '31
Century Plyboards has outlined its growth strategy, targeting a turnover of INR 12,000 crores by FY '31. The company aims for a 20% growth in the current fiscal year and expects improved EBITDA margins. Management acknowledged past inaccuracies in guidance but expressed confidence in meeting current targets. No specific export or domestic sales figures were provided.
29May 25
Century Plyboards: Q4 Profit Drops 34% Despite Revenue Growth
Century Plyboards' Q4 financial results show a 13% increase in revenue to ₹1,198.00 crore, but a 34% decrease in net profit to ₹52.50 crore. EBITDA declined by 1.80% to ₹134.60 crore. The company's board has recommended a dividend of ₹1.00 per equity share for the fiscal year.
01May 25
Century Plyboards Chairman Sajjan Bhajanka Announces Retirement and Charitable Commitment
Sajjan Bhajanka, Chairman of Century Plyboards (India) Ltd, has announced his retirement. Bhajanka, who led the company from a small factory to market leadership in the plywood sector, plans to donate 20% of his personal wealth to charitable causes. He attributes the company's success to maintaining high product quality and strong customer relationships.
Century Plyboards (India) Ltd. experienced a significant block trade on the NSE, with 300,254 shares traded at Rs. 706.10 per share, totaling Rs. 21.20 crores. The company also concluded a postal ballot, approving the appointment of Prof. (Dr.) Arup Roy Choudhury as an Independent Director for a 5-year term starting February 1, 2025. The resolution passed with 99.99% votes in favor, demonstrating strong shareholder support.
03Mar 25
Century Plyboards' Independent Director Faces Legal Scrutiny Amid Stock Market Fraud Allegations
A special court has ordered the filing of an FIR against Pramod Agrawal, an independent director of Century Plyboards (India) Limited, for alleged stock market fraud and regulatory violations. The allegations relate to Agrawal's previous role as Chairman of the Bombay Stock Exchange. Century Plyboards stated it is not a party to the proceedings and is unlikely to be impacted. The company remains committed to compliance and will monitor the situation.
21Feb 25
Century Plyboards Soars 12% on New Subsidiary Launch for Furniture Fittings
Century Plyboards (India) Ltd's stock price jumped up to 12% intraday to ₹837.15 following the announcement of a new wholly owned subsidiary, Centuryply Furniture Fittings Limited (CFFL). Incorporated on February 18, 2025, CFFL will manufacture furniture fittings and fixtures, marking Century Plyboards' entry into a new segment. The subsidiary has an authorized share capital of ₹15,00,000 and an initial paid-up capital of ₹5,00,000. This strategic move aims to expand the company's product portfolio and capture a larger share of the furniture value chain.