MDF division shows improvement in EBITDA margins CPIL's MDF facility operated at ~82% capacity utilisation in Q1FY20. MDF EBITDA margins rose to 23.4% in Q1FY20 on account of a number of factors: a) 3-4% hike taken in thicker MDF during the quarter; b) operating leverage on account of higher utilisation; c) cost benefits as prices of adhesives & raw materials have come down & electricity consumption reduced to 250 units/CBM vs. 350 units/CBM earlier. Also, there have been no notable price cuts in the industry recently. With this, the management expects margins to...