Kajaria Ceramics Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 03:30 am EST
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Kajaria Ceramics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 11,517.5 million compared to INR 10,911.3 million a year ago. Revenue was INR 11,630.2 million compared to INR 10,986.1 million a year ago. Net income was INR 1,041.9 million compared to INR 743.2 million a year ago. Basic earnings per share from continuing operations was INR 6.54 compared to INR 4.67 a year ago. Diluted earnings per share from continuing operations was INR 6.53 compared to INR 4.67 a year ago.
For the nine months, sales was INR 33,376 million compared to INR 31,771.1 million a year ago. Revenue was INR 33,664 million compared to INR 32,003.1 million a year ago. Net income was INR 3,196.7 million compared to INR 2,364.8 million a year ago. Basic earnings per share from continuing operations was INR 20.07 compared to INR 14.85 a year ago. Diluted earnings per share from continuing operations was INR 20.07 compared to INR 14.85 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.