Pokarna Limited Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2017
September 14, 2017 at 08:08 am EDT
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Pokarna Limited announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2017. For the quarter on the standalone, revenue from the operation was INR 344.250 million against INR 358.599 million a year ago. Total revenue was INR 349.331 million against INR 363.854 million a year ago. Profit before exceptional items and extra ordinary items and tax was INR 39.421 million against INR 57.766 million a year ago. Net profit from continuing operation for the period was INR 34.715 million against INR 46.791 million a year ago. Net profit for the period was INR 21.028 million against INR 26.890 million a year ago. Basic and diluted earnings per share for continuing operations were INR 5.60 against INR 7.55 a year ago. Basic and diluted earnings per share for continuing and discontinuing operations was INR 3.39 compared to INR 4.34 a year ago.
For the quarter on the consolidated basis, revenue from the operation was INR 675.479 million against INR 886.952 million a year ago. Total revenue was INR 688.192 million against INR 906.913 million a year ago. Profit before exceptional items and extra ordinary items and tax was INR 68.434 million against INR 224.596 million a year ago. Net profit from continuing operation for the period was INR 54.287 million against INR 183.995 million a year ago. Net profit for the period was INR 40.583 million against INR 164.094 million a year ago. Net profit from continuing operations attributable to owners INR 54.287 million against INR 183.995 million a year ago. Basic and diluted earnings per share for continuing operations were INR 8.75 against INR 29.67 a year ago. Basic and diluted earnings per share for continuing and discontinuing operations was INR 6.54 compared to INR 26.46 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.