Kajaria Ceramics notes 3% jump in net profit to Rs 124.73 cr in Q3
07 Feb 2022
2 Min Read
CW Team
Tiles manufacturing company Kajaria Ceramics Limited has reported a 3% increase in consolidated net profit for the third quarter ended December 31, to Rs 124.73 crore.
Kajaria Ceramics Limited said that in a regulatory filing it made a consolidated net profit of Rs 121.03 crore in the same quarter the previous year.
During the quarter under review, the consolidated income from operations was Rs 1,068.23 crore, up from Rs 838.32 crore the previous quarter.
According to the company, total expenses for the quarter were Rs 915.47 crore, up from Rs 686.72 crore a year before.
According to Kajaria Ceramics Limited Chairman and Managing Director Ashok Kajaria, a spike in gas costs during the quarter hurt Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margins, which fell by 447 basis points.
Kajaria Ceramics recently announced that its board of directors has approved investments of up to Rs 210 crore in Kajaria Ultima Pvt Limited (KUPL) to turn it into a wholly-owned subsidiary and build a slab manufacturing factory in Gujarat with a production capacity of 5 million sq m per year.
Kajaria Ceramics is India's largest ceramic or vitrified tiles maker. It has an annual aggregate capacity of 70.40 million sq m, split over eight plants in Uttar Pradesh, Rajasthan, Andhra Pradesh, and Gujarat.
Kajaria's production facilities are outfitted with cutting-edge technology. Intense automation, robotic automobile applications, and a zero likelihood of human error are just a few of the reasons Kajaria is the market leader.
Also read: Morbi ceramic factories likely to shut down due to rising costs
Tiles manufacturing company Kajaria Ceramics Limited has reported a 3% increase in consolidated net profit for the third quarter ended December 31, to Rs 124.73 crore.
Kajaria Ceramics Limited said that in a regulatory filing it made a consolidated net profit of Rs 121.03 crore in the same quarter the previous year.
During the quarter under review, the consolidated income from operations was Rs 1,068.23 crore, up from Rs 838.32 crore the previous quarter.
According to the company, total expenses for the quarter were Rs 915.47 crore, up from Rs 686.72 crore a year before.
According to Kajaria Ceramics Limited Chairman and Managing Director Ashok Kajaria, a spike in gas costs during the quarter hurt Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margins, which fell by 447 basis points.
Kajaria Ceramics recently announced that its board of directors has approved investments of up to Rs 210 crore in Kajaria Ultima Pvt Limited (KUPL) to turn it into a wholly-owned subsidiary and build a slab manufacturing factory in Gujarat with a production capacity of 5 million sq m per year.
Kajaria Ceramics is India's largest ceramic or vitrified tiles maker. It has an annual aggregate capacity of 70.40 million sq m, split over eight plants in Uttar Pradesh, Rajasthan, Andhra Pradesh, and Gujarat.
Kajaria's production facilities are outfitted with cutting-edge technology. Intense automation, robotic automobile applications, and a zero likelihood of human error are just a few of the reasons Kajaria is the market leader.
Image Source
Also read: Morbi ceramic factories likely to shut down due to rising costs
Next Story
Blum India brings Design Reverie to Hyderabad
Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..
Next Story
Hafele launches Platinum Studio in Nagpur
Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..
Next Story
Truflo by Hindware wins GPTW honour again
Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..
