ICICI Securities Ltd | Retail Equity Research Century Plyboards (CPIL) topline grew 13.5% YoY to | 578.9 crore, mainly led by better utilisation in MDF division. MDF division clocked revenues of | 88.2 crore in Q3FY19 vs. | 47.3 crore in Q3FY18 EBITDA margins were flattish QoQ at 13.1% (our expectation: 14.5%) due to lower EBITDA margin in plywood division (12.1% in Q3FY19) PAT de-grew 11.2% YoY to | 41.4 crore (our expectation: | 44.6 crore) mainly on account of a contraction in EBITDA margin...