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Plywood company Century Plyboards (India) Ltd has reported a net profit of ₹34 crore for the quarter ending June 30, 2021. The company reported a net loss of ₹8.50 crore in the year-ago-period.
Net revenue from operations for the quarter under review jumped 124 per cent to ₹449 crore as against the ₹201 crore it reported in the corresponding quarter last fiscal.
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According to Sajjan Bhajanka, Chairman, Century Ply, though Q1FY22 was extremely challenging due to the outbreak of the second wave of Covid-19, the company turnover grew “beyond expectations”.
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“We believe that the strong recovery in June is a sign for us to keep up this consistency in performance for the coming quarters,” he said, commenting on the business outlook.
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