Kajaria Ceramics posts stellar Q3FY19 numbers
Kajaria Ceramics reported its results for the quarter ended December 30, 2018 on Friday.
The company's consolidated revenue for the quarter came in at Rs. 758.56 crore as against Rs. 661.16 crore in the corresponding quarter last year, registering 14.7 per cent YoY increase. The sales volumes increased by 16 per cent on YoY basis. Other income increased from Rs 1.77 crore to Rs 4.53 crore.
The EBITDA for the quarter rose by 9.9 per cent YoY to Rs. 120.83 crore as against Rs. 109.96 crore in the corresponding quarter last year, with a corresponding margin contraction of 70 bps. EBITDA margin for the quarter stood at 15.9 per cent.
The PAT for the quarter came in at Rs. 65.89 crore as against Rs. 53.11 crore in the corresponding quarter last year, a YoY increase of 24.1 per cent. This was due to lower interest costs which declined from Rs. 5.22 crore to Rs. 3.6 crore.
On Friday, the stock of Kajaria Ceramics opened at Rs 539.90 per share which was its intra-day high. Post the announcement of results, the stock dipped and made intra-day low of Rs. 524.55. It finally closed at Rs. 535.15 on BSE.