Pokarna Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016
August 10, 2016 at 08:03 am EDT
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Pokarna Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported standalone net sales of INR 371.852 million compared to INR 525.709 million a year ago. Profit from operations before other income interest and finance cost and exceptional items was INR 41.529 million compared to INR 115.444 million a year ago. Profit from ordinary activities before tax was INR 27.849 million compared to INR 102.852 million a year ago. Net profit for the period was INR 18.254 million compared to INR 66.404 million a year ago. Basic and diluted earnings per share was INR 2.94 compared to INR 10.71 a year ago.
For the quarter, the company reported consolidated net sales of INR 898.354 million compared to INR 963.540 million a year ago. Profit from operations before other income interest and finance cost and exceptional items was INR 249.825 million compared to INR 243.856 million a year ago. Profit from ordinary activities before tax was INR 194.506 million compared to INR 166.482 million a year ago. Net profit for the period was INR 155.659 million compared to INR 117.930 million a year ago. Basic and diluted earnings per share was INR 25.10 compared to INR 19.02 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 