Pokarna Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 29, 2020 at 05:46 am EST
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Pokarna Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 619.923 million compared to INR 1,229.094 million a year ago. Net income was INR 65.627 million compared to INR 259.817 million a year ago. Basic earnings per share was INR 2.12 compared to INR 8.38 a year ago. For the nine months, total revenue was INR 3,090.848 million compared to INR 3,249.269 million a year ago. Net income was INR 675.476 million compared to INR 541.929 million a year ago. Basic earnings per share was INR 21.79 compared to INR 17.48 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.
POKARNA LIMITED 
