Kajaria Ceramics Limited Announces Audited Consolidated and Company Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2016
April 28, 2016 at 06:07 am EDT
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Kajaria Ceramics Limited announced audited consolidated and company earnings results for the fourth quarter and full year ended March 31, 2016. For the quarter, on company basis, it reported a rise of 47.82% in its net profit at INR 702.3 million or INR 8.81 diluted per share before and after extraordinary items as compared to INR 475.1 million or INR 5.98 basic and diluted per share before and after extraordinary items for the same quarter in the previous year. Total income of the company has increased by 9.67% at INR 6,685.1 million as compared to INR 6,095.4 million a year ago. Net sales were INR 6,626.3 million against INR 6,036.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,068.3 million against INR 707.1 million a year ago. Profit from ordinary activities before tax was INR 1,057.7 million against INR 682.5 million a year ago.
For the quarter, on consolidated basis, the company posted a rise of 27.84% in its net profit after taxes, minority interest and share of profit of associates at INR 660.4 million or INR 8.29 diluted per share before and after extraordinary items as compared to INR 516.6 million or INR 6.50 basic and diluted per share before and after extraordinary items for the corresponding quarter in the fiscal year 2015. Total income increased by 10.92% at INR 6,594.6 million under review as compared to INR 5,945.1 million for the same quarter ended previous year. Net sales were INR 6,551.2 million against INR 5,852.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,139.6 million against INR 877.7 million a year ago. Profit from ordinary activities before tax was INR 1,047.4 million against INR 805.7 million a year ago.
For the year, on company basis, the company has posted a rise of 39.52% in its net profit after tax at INR 2,348.9 million or INR 29.52 diluted per share before and after extraordinary items as compared to INR 1,683.6 million or INR 21.80 basic and diluted per share before and after extraordinary items for the same period in the previous year. Total income increased 9.99% at INR 24,656.5 million under review as compared to INR 22,416.3 million for the period ended March 31, 2015. Net sales were INR 24,412.2 million against INR 22,272.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,446.5 million against INR 2,466.7 million a year ago. Profit from ordinary activities before tax was INR 3,514.3 million against INR 2,434.4 million a year ago.
For the year, on consolidated basis, the company has posted rise of 30.52% in its net profit at INR 2,292 million or INR 28.80 diluted per share before and after extraordinary items as compared to INR 1,756 million or INR 22.74 basic and diluted per share before and after extraordinary items for the same period in the previous year. Total income has increased by 10.40% at INR 24,222.8 million under review as compared to INR 21,941.1 million for the period ended March 31, 2015. Net sales were INR 24,088.1 million against INR 21,775.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,907.3 million against INR 2,982.5 million a year ago. Profit from ordinary activities before tax was INR 3,577.1 million against INR 2,703.3 million a year ago.
Kajaria Ceramics Limited is an India-based manufacturer of ceramic/vitrified tiles. The Company's segments include Tiles and Others. The Tiles segment is engaged in the manufacturing and trading of ceramic and vitrified wall and floor tiles. The Others segment is engaged in the manufacturing of sanitary ware and faucet and trading of plywood and block board, and also includes bath ware and plywood products. Its product categories include glazed vitrified tiles - Eternity, ceramic wall and floor tiles, polished vitrified tiles and tile adhesives. The Company's wall tiles product categories include bathroom, kitchen, outdoor, living room, bedroom and wall tiles for commercial spaces. Its floor tiles product categories include living room, outdoor, bedroom, kitchen, bathroom and floor tiles for commercial spaces. The Company's Eternity glazed vitrified tiles include admiral brown, bolvia grey. ambrosia, ambrosia decor, apollo grey, astonia bronze, astonia nero and blossom beige decor.