Century Plyboards (India) Ltds (CPIL) standalone Q2FY19 numbers were disappointing, especially on the profit front. Net revenue increased by 18.9% YoY, mainly led by incremental sales from MDF division. However, EBITDA growth stood flat with 245bps YoY contraction in EBITDA margins, while PAT declined by 5.8% YoY, impacted by significant margin decline in Laminates & MDF segment.