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Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 755.22 Crore, up 14.20 % from last quarter Total Income of Rs 661.33 Crore and up 42.09 % from last year same quarter Total Income of Rs 531.52 Crore. Company reported net profit after tax of Rs 86.94 Crore in latest quarter. Century Plyboards (CPBI) reported strong recovery in its plywood and laminates segments with sequential revenue growth of 11.8% and 27.4% respectively, leading to overall revenue beat at Rs7.4bn (I-Sec: Rs6.9bn), up 13% QoQ. EBITDA margin at 17.2%, 80bps lower than estimate, was led largely by a few one-offs in ‘other expenses’ in Q4FY21. Expecting sectoral tailwinds to sustain, the management too has given robust guidance for the medium term: a) overall operational cost savings to the tune of Rs300mn over next 2 years; b) doubling of plywood capacity over next 3 years with >10% revenue CAGR and sustainable EBITDA margin at 14-15%; c) >15% revenue CAGR and

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