Pokarna Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 29, 2019 at 06:44 am EST
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Pokarna Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, on standalone basis, the company reported total revenue of INR 358.334 million against INR 424.590 million for the same period a year ago. Net profit for the period was INR 34.720 million against INR 37.855 million for the same period a year ago. EPS for continuing operations was INR 1.47 against INR 1.51 for the same period a year ago. EPS for continuing and discontinuing operations was INR 1.12 against INR 1.22 for the same period a year ago.
For the nine months, on standalone basis, the company reported total revenue of INR 1,040.090 million against INR 1,112.811 million for the same period a year ago. Net profit for the period was INR 51.416 million against INR 88.974 million for the same period a year ago. EPS for continuing operations was INR 2.44 against INR 3.89 for the same period a year ago. EPS for continuing and discontinuing operations was INR 1.66 against INR 2.87 for the same period a year ago.
For the quarter, on consolidated basis, the company reported total revenue of INR 1,208.964 million against INR 893.365 million for the same period a year ago. Net profit for the period was INR 259.817 million against INR 136.002 million for the same period a year ago. EPS for continuing operations was INR 8.74 against INR 4.68 for the same period a year ago. EPS for continuing and discontinuing operations was INR 8.38 against INR 4.39 for the same period a year ago.
For the nine months, on consolidated basis, the company reported total revenue of INR 3,192.208 million against INR 2,445.168 million for the same period a year ago. Net profit for the period was INR 541.928 million against INR 297.138 million for the same period a year ago. EPS for continuing operations was INR 13.27 against INR 10.61 for the same period a year ago. EPS for continuing and discontinuing operations was INR 17.48 against INR 9.58 for the same period 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.