Century Plyboards Q2 profit rises to Rs 106.28 crore, revenue grows

Century Plyboards (India) Limited reported consolidated net profit of Rs 106.28 crore for the quarter ended 30 September 2026, compared with Rs 70.04 crore a year earlier, as revenue from operations rose to Rs 1,780.04 crore from Rs 1,385.53 crore. Profit also increased from Rs 83.30 crore in the June 2026 quarter.

How did Century Plyboards perform in the September 2026 quarter?

Century Plyboards increased revenue from operations by Rs 394.51 crore year on year and by Rs 218.66 crore sequentially in the quarter ended 30 September 2026. Total income, including Rs 2.09 crore of other income, was Rs 1,782.14 crore, compared with Rs 1,563.55 crore in the quarter ended 30 June 2026 and Rs 1,387.45 crore a year earlier.

Profit before tax was Rs 141.21 crore, up from Rs 116.28 crore in June 2026 and Rs 97.87 crore in the September 2025 quarter. Net profit increased by Rs 35.98 crore from the prior-year quarter and by Rs 22.98 crore from the preceding quarter, based on the reported consolidated figures.

Profit attributable to Century Plyboards’ owners was Rs 100.75 crore in the September 2026 quarter, against Rs 80.30 crore in June 2026 and Rs 68.90 crore a year earlier. Non-controlling interests accounted for Rs 2.88 crore of the quarter’s profit, compared with Rs 3.00 crore sequentially and Rs 2.01 crore in the year-earlier quarter.

Did Century Plyboards’ reported margins change in Q2?

Century Plyboards’ profit before tax rose faster than total income in the September 2026 quarter. Calculated profit-before-tax margin was about 7.9% of total income, compared with about 7.4% in June 2026 and about 7.1% in the September 2025 quarter.

Net profit represented about 6.0% of total income in the September 2026 quarter, compared with about 5.3% in the preceding quarter and about 5.0% a year earlier. These calculations use reported total income of Rs 1,782.14 crore, Rs 1,563.55 crore and Rs 1,387.45 crore, respectively.

Total expenses were Rs 1,640.93 crore, compared with Rs 1,447.27 crore in June 2026 and Rs 1,289.58 crore a year earlier. The September-quarter expense base included material consumption of Rs 772.18 crore, employee benefits of Rs 252.68 crore, finance cost of Rs 33.94 crore and depreciation and amortisation of Rs 56.68 crore.

Total tax expense was Rs 37.58 crore in the September 2026 quarter, marginally below Rs 37.68 crore in June 2026 and above Rs 26.93 crore a year earlier. Basic and diluted earnings per share were Rs 4.53, versus Rs 3.10 in the September 2025 quarter; the filing states that earnings per share are not annualised.

Which Century Plyboards businesses reported segment profit?

Century Plyboards’ plywood and allied products business reported segment profit before finance cost, tax and unallocable items of Rs 154.56 crore in the September 2026 quarter. Laminate and allied products contributed Rs 21.07 crore, while medium-density fibre board, or MDF, contributed Rs 18.85 crore.

Logistics services reported segment profit of Rs 9.12 crore, compared with Rs 7.06 crore in the June 2026 quarter and Rs 2.98 crore a year earlier. The filing classifies operating expenses for logistics services separately, with Rs 26.39 crore recorded in the September 2026 quarter.

Particle board reported a segment loss of Rs 0.44 crore, improving from losses of Rs 7.85 crore in June 2026 and Rs 14.61 crore in the September 2025 quarter. The others segment recorded a Rs 2.26 crore loss after reporting a Rs 1.08 crore profit in the preceding quarter.

Aggregate segment profit before finance cost, tax and unallocable items was Rs 196.90 crore, versus Rs 164.84 crore sequentially and Rs 160.83 crore a year earlier. After Rs 33.94 crore of finance cost and Rs 20.75 crore of net other unallocable expenditure, Century Plyboards reported Rs 141.21 crore of profit before tax.

What do Century Plyboards’ half-year cash flows show?

Century Plyboards reported revenue from operations of Rs 3,341.43 crore for the half year ended 30 September 2026, compared with Rs 2,554.89 crore in the corresponding 2025 period. Half-year profit before tax increased to Rs 257.49 crore from Rs 169.02 crore, while net profit rose to Rs 186.93 crore from Rs 123.87 crore.

Net cash generated from operating activities was Rs 176.37 crore for the six months, down from Rs 287.85 crore in the prior-year period. The cash-flow statement records a Rs 171.35 crore increase in trade receivables and a Rs 12.46 crore increase in inventories, while trade payables increased by Rs 60.35 crore.

Purchases of property, plant and equipment, including capital work in progress, were Rs 368.27 crore in the half year, compared with Rs 193.09 crore a year earlier. Net investing cash outflow was Rs 364.55 crore, while financing activities produced Rs 202.99 crore, including Rs 363.79 crore of proceeds from non-current borrowings.

What changed in Century Plyboards’ balance sheet?

Century Plyboards’ total assets were Rs 5,687.01 crore at 30 September 2026, compared with Rs 5,103.53 crore at 31 March 2026. Property, plant and equipment, including right-of-use assets, rose to Rs 2,939.61 crore from Rs 2,794.83 crore, while capital work in progress increased to Rs 283.89 crore from Rs 170.58 crore.

Inventories increased to Rs 1,159.55 crore at 30 September 2026 from Rs 1,087.08 crore at the March year-end. Trade receivables rose to Rs 787.22 crore from Rs 617.62 crore, while cash and cash equivalents were Rs 44.99 crore, compared with Rs 30.18 crore at 31 March 2026.

Total equity increased to Rs 2,795.08 crore from Rs 2,630.04 crore during the six months. Non-current borrowings rose to Rs 690.61 crore from Rs 426.67 crore, and current borrowings increased to Rs 1,238.54 crore from Rs 1,203.40 crore.

Conclusion

Century Plyboards reported higher revenue, profit before tax and net profit in the September 2026 quarter than in both the June 2026 and September 2025 periods. Revenue reached Rs 1,780.04 crore and net profit reached Rs 106.28 crore, while plywood, laminate, MDF and logistics services recorded positive segment profit and particle board narrowed its reported loss.

The next results will indicate whether the Rs 368.27 crore first-half investment in property, plant and equipment and capital work in progress translates into further operating expansion. They will also show whether the Rs 171.35 crore increase in half-year trade receivables, Rs 690.61 crore of non-current borrowings and Rs 1,238.54 crore of current borrowings continue to rise or moderate.