Pokarna Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2019
May 27, 2019 at 12:16 pm EDT
Share
Pokarna Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2019. For the quarter, on standalone basis, the company reported revenue from operations of INR 374.709 million against INR 402.359 million a year ago. Total revenue was INR 379.503 million against INR 403.908 million a year ago. Net profit for the period was INR 17.363 million or INR 0.56 per basic and diluted share against INR 34.405 million or INR 1.11 per basic and diluted share a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 1,463.121 million against INR 1,560.450 million a year ago. Total revenue was INR 1,476.762 million against INR 1,583.610 million a year ago. Net profit for the period was INR 68.779 million or INR 2.22 per basic and diluted share against INR 123.379 million or INR 3.98 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,446.653 million against INR 906.187 million a year ago. Total revenue was INR 1,463.403 million against INR 921.611 million a year ago. Net profit for the period was INR 264.855 million or INR 8.54 per basic and diluted share against INR 125.283 million or INR 4.04 per basic and diluted share a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 4,622.199 million against INR 3,374.666 million a year ago. Total revenue was INR 4,712.985 million against INR 3,433.685 million a year ago. Net profit for the period was INR 806.783 million or INR 26.02 per basic and diluted share against INR 422.420 million or INR 13.62 per basic and diluted share a year ago.
Pokarna Limited is an India-based company, which is principally engaged in the business of quarrying, manufacturing and processing and selling of granite and manufacturing and selling of apparel under the brand name Stanza. The Company's quarries produce colors, which include Acacia, Black Galaxy, Coffee Brown, Flash Blue, Pokarna Green, Sapphire Blue, Seaweed Green, Silver Pearl and Vizag Blue. Its color palette includes over 75 varieties of granite sourced within India in addition to Saudi Arabia and Iran. Its product range includes an array of random slabs, tiles and cultosize. The Companyâs residential project includes UB City, Bangalore; Prestige Golfshire Villas, and Tidel Park. Its commercial projects include Marriott Hotels and Marriott Countyard. The Company also has a retail division for the STANZA brand and produces clothing under that name. The Company has two manufacturing facilities in Telangana and Andhra Pradesh.