Pokarna Limited Reports Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
May 08, 2017 at 08:55 am EDT
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Pokarna Limited reported audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter on standalone basis, the company reported revenue from operations of INR 415.566 million against INR 503.474 million a year ago. Profit before exceptional and extraordinary items and tax was INR 46.449 million against INR 47.244 million a year ago. Profit before tax was INR 46.449 million against INR 47.244 million a year ago. Profit for the period was INR 34.916 million or INR 5.63 per basic and diluted share before and after exceptional items against INR 29.575 million or INR 4.77 per basic and diluted share before and after exceptional items a year ago.
For the year on standalone basis, the company reported revenue from operations of INR 1,582.505 million against INR 1,947.306 million a year ago. Profit before exceptional and extraordinary items and tax was INR 179.213 million against INR 277.332 million a year ago. Profit before tax was INR 179.213 million against INR 277.332 million a year ago. Profit for the period was INR 117.702 million or INR 18.98 per basic and diluted share before and after exceptional items against INR 172.481 million or INR 27.82 per basic and diluted share before and after exceptional items a year ago.
For the quarter on consolidated basis, the company reported revenue from operations of INR 1,000.406 million against INR 1,027.605 million a year ago. Profit before exceptional and extraordinary items and tax was INR 234.817 million against INR 220.518 million a year ago. Profit before tax was INR 234.817 million against INR 45.323 million a year ago. Profit for the period was INR 178.979 million or INR 28.86 per basic and diluted share after exceptional items against INR 55.566 million or INR 8.96 per basic and diluted share after exceptional items a year ago.
For the year on consolidated basis, the company reported revenue from operations of INR 3,802.991 million against INR 3,985.607 million a year ago. Profit before exceptional and extraordinary items and tax was INR 889.311 million against INR 834.758 million a year ago. Profit before tax was INR 889.311 million against INR 659.563 million a year ago. Profit for the period was INR 696.983 million or INR 112.40 per basic and diluted share after exceptional items against INR 512.086 million or INR 82.58 per basic and diluted share after exceptional items a year ago. EBITDA rose from INR 1,390 million to INR 1,420 million. Sustained strong cash generation from operations, a reflection of the strong cash generating ability of the underlying core business.
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.
POKARNA LIMITED 
