Kajaria Ceramics Q4 PAT Leaps By 37% To Rs 42.11 Crore
Biswajit Yadav / 07 May 2014
A reduction in cost of power and fuel, increased topline and an improved EBITDA margin aided Kajaria Ceramics to post a superior Q4 result. After the result declaration, the scrip of the company closed at Rs 483.20 up by 3.84 % from its previous close on BSE.
Kajaria Ceramics, the largest manufacturer of ceramic/vitrified tiles in India has come up with its Q4 result for the quarter ended March 2014. The result shows that the company has posted a good set of numbers during this quarter. The topline of the company has increased by 20% on yearly basis standing to Rs 577.48 crore and the net profit of the company has surged by 37 % on yearly basis during Q4FY14.
The topline of the company increased during this quarter primarily due to increase in sales of the company. The sales of the company has increased by 16% to 14.65 million square meter during the quarter ended March 2014, as compared to the same quarter of previous year. The operating profit of the company has increased by 24% during this quarter standing to Rs 86.48 crore as compared to the corresponding quarter of previous year.
On margin front, the EBITDA margin of the company has improved by 59 basis points to 16.51% during Q4FY14 as compared to the same quarter of previous year. The margin during this quarter improved due to reduction in cost of power & fuel as proportionate to sales (down by 27 basis) and other expenses as proportionate to sales (down by 307 basis points) during Q4FY14 as compared to the same quarter of previous year.
The company has posted a profit after tax (PAT) of Rs 42.11 crore during the quarter ended March 2014 as against Rs 30.77 crore during quarter ended March 2013. The company has recommended a dividend of Rs 3.5 per equity share for the fiscal year 2014.
The company has commissioned 3.4 million square meter annual capacity of glazed vitrified tiles at Sikandrabad on March 28, 2014. The company informed that they are going to acquire a 51% stake in Taurus Tiles, 100% stake in Kajaria Bathware and will also increase its stake to 61% in Jaxx Vitrified from 51% earlier.
The stock of the company is currently trading at a price to earnings (P/E) multiple of 31.6x of its TTM EPS Rs15.28. Today the scrip of the company closed at Rs 483.20 up by 3.84 % from its previous close on BSE.
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