Paper & Paper Products company Century Textiles & Industries announced Q2FY24 results: Consolidated Q2FY24: Net Sales for Q2FY24 stood at Rs 1,087 crore, reflecting a 10% decrease from Q2FY23, when it was Rs 1,211 crore. EBITDA in Q2FY24 was Rs 40 crore, marking a substantial 79% decrease from Q2FY23 when it was Rs 188 crore. PAT (Profit After Tax) for Q2FY24 was Rs 70 crore, showing a 33% decrease from Q2FY23 when it was Rs 96 crore. Standalone Q2FY24: Net Sales in Q2FY24 amounted to Rs 1,087 crore, indicating a 10% decrease from Q2FY23, where it was Rs 1,209 crore. EBITDA for Q2FY24 was Rs 115 crore, reflecting a 49% decrease from Q2FY23, which was Rs 225 crore. PAT for Q2FY24 was Rs 15 crore, marking a 33% decrease from Q2FY23, when it was Rs 96 crore. Commenting on the Q2FY24 results, R. K. Dalmia - Managing Director, Century Textiles and Industries Limited (CTIL) said, "The company has weathered the impact of changing market dynamics, even amid a string of geopolitical crises affecting global demand, with its robust and sustainable manufacturing practices. The Pulp and Paper business performed consistently well, achieving better sales volumes during the quarter. The Real Estate business has not only showcased stellar sales performance during the quarter but has also strengthened its sectoral presence with high development potential acquisitions. This reinforces its commitment to robust future growth. Meanwhile, after a strategic restructuring of operations, our Textiles business has seen a notable improvement, achieving a better sales turnover this quarter." Result PDF
Conference Call with Century Textiles & Industries Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Paper & Paper Products company Century Textiles & Industries announced Q1FY24 results: Consolidated Q1FY24 vs Q1FY23: Net Sales: Rs 1,106 crore vs Rs 1,172 crore, down 6% YoY EBITDA: Rs 129 crore vs Rs 143 crore, down 10% YoY PAT: Rs (7) crore vs Rs 45 crore, down 116% YoY Standalone Q1FY24 vs Q1FY23: Net Sales: Rs 1,106 crore vs Rs 1,170 crore, down 5% YoY EBITDA: Rs 197 crore vs Rs 171 crore, up 15% YoY PAT: Rs 24 crore vs Rs 63 crore, down 62% YoY 3 projects with revenue potential of Rs 5,600 crore acquired by Real Estates. Commenting on the Q1FY24 results, R. K. Oalmia, Managing Director, Century Textiles and Industries said, "The company has maintained its operational performance while remammg steadfast in its commitment to sustainability. The Pulp and Paper business performed very well with margins bolstered by decreasing input costs and effective cost reduction initiatives. The Real Estate business, riding the upcycle in the sector, has acquired three significant projects in three metro cities. Meanwhile, our Textiles business underwent strategic restructuring of primary processes to align with market dynamics." Result PDF
Conference Call with Century Textiles & Industries Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Paper & Paper Products company Century Textiles & Industries announced Q4FY23 & FY23 results: Consolidated Q4FY23: Q4FY23 consolidated sales increased by 3.2% QoQ Consolidated EBITDA for Q4FY23 increased by 99% YoY Q4FY23 consolidated PAT is Rs 142 crore, significantly higher than Rs 7 crore in Q3FY23 Consolidated FY23: FY23 sales surged by 16% YoY FY23 consolidated PAT witnessed a steep rise of 72% YoY Commenting on the Q4FY23 results, R K Dalmia Managing Director, Century Textiles and Industries, said - "The company has once again demonstrated resilience with an exceptional performance to end the quarter, as well as the year, on a high note. The pulp and paper business performed exceedingly well backed by robust sales, process improvements and impactful cost-reduction initiatives. The real estate business continued the growth trajectory with the highest quarterly sales registered in a year. The business also announced its foray into the Pune market in line with its growth strategy and intent to be a top player in the real estate sector." Result PDF
Century Textiles & Industries announced Q3FY23 results: Q3FY23 Pulp & Paper Business: Sales have increased by 18% to Rs 863 crore in Q3FY23 as compared to Rs 731 crore in Q3FY22. Sales realization has increased by 38% in Q3FY23 as compared to same quarter of FY22. Increase in EBITDA by 10% to Rs 100 crore as compared to Rs 91 crore in Q3FY22. The plant achieved overall capacity utilization of 93%. Q3FY23 Real Estate business: Robust sales across all projects in MMR, NCR, and Bengaluru. Birla Niyaara was the largest selling project in the calendar year in MMR clocking over Rs 1900 crore and Birla Navya Gurugram was close to fully selling out the phase launched in the last quarter. Project execution is in full swing at all the launched projects with complete focus on safety, quality, and timely delivery. Commercial assets Birla Aurora and Birla Centurion continue to generate stable rentals. Q3FY23 Textiles business: Turnover has decreased by 10% to Rs 237 crore in Q3FY23 as compared to Rs 263 crore in Q3FY22. Capacity utilisation in Q3FY23 was 88% as compared to 95% in Q3FY22. Result PDF
Conference Call with Century Textiles & Industries Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Century Textiles & Industries announced Q2FY23 results: Net sales increase by 21% YoY EBITDA rises 42% VoY. PAT surges by 118% as compared to Q2 FY22. Commenting on the Q2 FY23 results, R K Dalmia • Managing Director, Century Textiles and Industries Limited (CTIL) said - "Building upon the momentum initiated in the previous quarter, the company performed even better in this quarter, especially due to increased market demand during the festive season, favourable impact of the single-use plastic ban as well as several cost-reduction initiatives implemented across our production facilities. The Pulp and Paper business delivered stellar performance backed by increased demand across all segments with timely price corrections and cost reductions. While the Textiles business is facing challenging times, apparel fabric demand has been stable in the domestic market. The Real Estate business registered robust growth with propped up demand for quality housing on account of the stable job market and steady infrastructure investments." Result PDF
Century Textiles & Industries Announced Q1FY23 Result : Net sales increase by 41% YoY EBITDA rises 22% YoY. PAT surges by 78% as compared to Q1 FY22 Commenting on the Ql FY23 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said - ''The strong quarterly performance is on the back of high operational efficiency and improved market demand. The Pulp and Paper business has performed exceptionally well, especially with increased demand in the paper and tissue segment. The textiles business witnessed impressive growth, mainly supported by good demand for Apparel fabrics. The robust performance of the Real Estate business, on account of strong consumer confidence in the brand and improved demand in the ongoing residential upcycle, also aided the overall business performance in this quarter." Result PDF