Kajaria Ceramics Ltd Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 24, 2017 at 03:09 am EST
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Kajaria Ceramics Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on the standalone basis, total income from operation was INR 6,454.0 million against INR 6,445.5 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 846.9 million against INR 842.1 million a year ago. Profit from ordinary activities before tax was INR 898.3 million against INR 881.4 million a year ago. Net profit was INR 605.0 million or INR 3.80 per diluted share before and after extraordinary items – not annualized against INR 581.4 million or INR 3.66 per diluted share before and after extraordinary items – not annualized a year ago. EBIDTA was INR 981.1 million against INR 958.0 million a year ago.
For the nine months, on the standalone basis, total income from operation was INR 19,619.3 million against INR 18,985.1 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 2,847.7 million against INR 2,325.7 million a year ago. Profit from ordinary activities before tax was INR 2,998.4 million against INR 2,455.2 million a year ago. Net profit was INR 1,997.7 million or INR 12.53 per diluted share before and after extraordinary items – not annualized against INR 1,645.2 million or INR 10.35 per diluted share before and after extraordinary items – not annualized a year ago. EBIDTA was INR 3,243.4 million against INR 2,666.1 million a year ago.
For the quarter, on the consolidated basis, total income from operation was INR 6,770.8 million against INR 6,719.4 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 920.1 million against INR 963.5 million a year ago. Profit from ordinary activities before tax was INR 858.4 million against INR 889.9 million a year ago. Net profit was INR 549.5 million or INR 3.46 per diluted share before and after extraordinary items – not annualized against INR 578.8 million or INR 3.60 per diluted share before and after extraordinary items – not annualized a year ago. EBIDTA was INR 1,126.4 million against INR 1,147.7 million a year ago.
For the nine months, on the consolidated basis, total income from operation was INR 20,502.4 million against INR 19,618.9 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 3,046.3 million against INR 2,704.4 million a year ago. Profit from ordinary activities before tax was INR 2,860.6 million against INR 2,521.4 million a year ago. Net profit was INR 1,816.4 million or INR 11.43 per diluted share before and after extraordinary items – not annualized against INR 1,672.0 million or INR 10.21 per diluted share before and after extraordinary items – not annualized a year ago. Debt was INR 2,000 million as on December 31, 2016. ROE was 23.36%. EBIDTA was INR 3,655.3 million against INR 3,231.3 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.