Profit

Kajaria Ceramics Posts 20% Rise in Q1 Profit

 Share
EMAIL
PRINT
COMMENTS
New Delhi: Kajaria Ceramics on Monday reported a 19.80 per cent increase in consolidated net profit at Rs 46.22 crore for the first quarter that ended on June 30, 2015.

The company had posted a consolidated net profit of Rs 38.58 crore for the corresponding period a year ago.

Kajaria Ceramics' net sales in the quarter under review rose to Rs 546.03 crore, up 9.12 per cent from Rs 500.37 crore a year ago, the company said in a filing to the BSE.

The company in a separate filing said its board of directors has approved to acquire a 51 per cent stake in Floera Ceramics Pvt Ltd, Rajahmundry (Andhra Pradesh) by subscribing to the equity shares of the company for an undisclosed sum.

"Floera Ceramics Plans to put up a manufacturing facility of polished vitrified tiles with a capacity of 5.70 MSM p.a. in Andhra Pradesh," it added.

Shares in Kajaria Ceramics, on Monday, ended 1.56 per cent lower at Rs 774.75 apiece on the BSE, underperforming the broader markets.


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top