India's Century Plyboards eyes worst day in 2 years on Q2 profit drop

Century Plyboards (India)

13/11/2024 08:52

** Home improvement firm Century Plyboards'  CNTP.NS  stock
falls 5% to 760 rupees
    ** Stock's biggest intraday pct loss since June 2022
    ** CNTP Q2 consol net profit falls 58.7% y/y; rev from ops
up 18.7%
    ** Co's expenses rose by 27.3%, helped by a 44.7% spike in
cost of raw materials 
    ** Stock set to extend losses for four straight sessions 
    ** Stock down 1.5% YTD 

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))