ICICI Securities Ltd | Retail Equity Research Century Plyboards' (CPIL) Q3FY17 results were above our estimates on all fronts despite demonetisation Topline grew 8.8% YoY to | 422.9 crore (our estimate: | 359.1 crore) due to 13.6% YoY growth in plywood & allied division to | 300.5 crore & 13.3% YoY growth in laminate & allied division to | 87.2 crore EBITDA margin contracted 122 bps YoY to 16.7% as the company had provided certain discounts to dealers post demonetisation...