Pokarna Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 03:34 am EST
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Pokarna Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,129.13 million compared to INR 1,919.86 million a year ago. Revenue was INR 1,134.91 million compared to INR 1,924.47 million a year ago. Net income was INR 26.25 million compared to INR 337.52 million a year ago. Basic earnings per share from continuing operations was INR 0.85 compared to INR 10.89 a year ago. Diluted earnings per share from continuing operations was INR 0.85 compared to INR 10.89 a year ago.
For the nine months, sales was INR 5,663.5 million compared to INR 4,458.46 million a year ago. Revenue was INR 5,680.05 million compared to INR 4,474.83 million a year ago. Net income was INR 551.22 million compared to INR 581.93 million a year ago. Basic earnings per share from continuing operations was INR 17.78 compared to INR 18.77 a year ago. Diluted earnings per share from continuing operations was INR 17.78 compared to INR 18.77 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 
