Century Plyboards (532548) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 showed year-on-year and sequential improvement, with consolidated revenue up 13% YoY and standalone revenue up 2.3% YoY, led by strong plywood performance.

• Full-year consolidated revenue grew to ₹452,780.21 lakhs, up from ₹388,595.27 lakhs in FY24, with plywood as the leading segment.

• Audited standalone and consolidated results for FY25 were approved by the Board on 29th May 2025, with unmodified auditor opinions.

Financial highlights

• Standalone revenue for FY25 was ₹406,791 lakhs, up 7.4% from FY24; consolidated revenue reached ₹452,780.21 lakhs.

• Standalone EBITDA for FY25 was ₹524.01 crore (12.9% margin); Q4 consolidated EBITDA margin was 13.6%.

• Standalone net profit for FY25 was ₹28,455.69 lakhs, down from ₹31,474.02 lakhs in FY24; consolidated net profit was ₹18,608.23 lakhs, down from ₹32,532.52 lakhs.

• Plywood segment revenue grew 14.8% YoY in Q4, with an EBITDA margin of 15.4%.

• Particle board revenue declined 23.2% YoY in Q4, with a 5.6% EBITDA margin.

Outlook and guidance

• Expecting 20% revenue growth for the year, with confidence in margin recovery as operational efficiency improves.

• Laminate segment targeting 8-10% EBITDA margin by H2; plywood margins guided at 12-14%.

• MDF demand expected to grow at 20%+ annually; price hikes anticipated towards year-end.

• Particle board new plant in Tamil Nadu to improve margins; break-even expected at 60%+ utilization.

• Board recommended a final dividend of ₹1.00 per share for FY25.