Pokarna Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2015
July 22, 2015 at 05:58 am EDT
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Pokarna Ltd. reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, on standalone basis, the company's net sales/income from operations was INR 525.709 million compared to INR 428.893 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 115.444 million compared to INR 45.799 million a year ago. Profit from ordinary activities before tax was INR 102.852 million compared to INR 33.788 million a year ago. Net profit was INR 66.404 million compared to INR 22.096 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 10.71 compared to INR 3.56 a year ago.
For the quarter, on consolidated basis, the company's net sales/income from operations was INR 963.540 million compared to INR 617.809 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 243.856 million compared to INR 56.474 million a year ago. Profit from ordinary activities before tax was INR 166.482 million compared to loss of INR 4.821 million a year ago. Net profit was INR 117.930 million compared to loss of INR 9.880 million a year ago. Basic and diluted earnings per share after extraordinary items were INR 19.02 compared to loss per share of INR 1.59 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.