Century Plyboards (Century) reported marquee improvement of over 550 BPS q-o-q in its operating profit margin (OPM), leading to standalone adjusted net profit growth of 49% q-o-q. Standalone revenue grew by 6.8% y-o-y (down 1.6% q-o-q) in a weak environment. Management expects profitability improvement across verticals, barring CFS, to sustain in FY2020, with 10% revenue growth guidance along with 15% EBITDA margin and 11% PBT margin for FY2020. Management plans to expand medium-density fibreboard (MDF) and...