Kajaria Ceramics Q4 results: On Tuesday, Kajaria Ceramics Limited recorded a pointy decrease in consolidated net profit by 59 % per quarter of January-Marca (FY25 Q4), because slow demand and losses because of this of interrupted plywood operations burdened with its results.
The largest tile manufacturer in India recorded a net profit of 43 CRRE RS for the fourth quarter, compared to the 104 Crore RS in the identical period within the last fiscal period, in accordance with its stock exchange.
The company assigned a decrease mainly by RS 30.79 Crore losses due to a interrupted company from plywood.
While general revenues from surgery barely increased by 1.1 % 12 months on 12 months (R) to 1222 Crore RS, the corporate stated that the national demand for tiles remained muted due to slowdown in the true estate sector.
Earnings against interest, taxes, cushioning and depreciation (EBITDA) also dropped by 20 percent to 138.4 Crore RS, and the operational margins narrowed to 11.3 percent, compared to 14.3 percent a 12 months earlier.
Despite the poor demand, Kajaria recorded a rise within the variety of tiles by 2 percent within the quarter and 6 percent through the budget 12 months, reaching 114.7 million square meters of annual sales.
The chairman of the corporate noted that each exports and domestic markets were soft through the quarter.
The company has left the three way partnership in Great Britain due to the high costs and is not going to proceed the planned RS 30 Crore plate plant under Kajaria Ultima Private Limited.
However, he goes forward with the RS 15 CRERE adhesive plant in Rajastan, which is to start operating in June 2025.
Kajaria has also introduced a brand new subsidiary, Kajaria Adhehive Private Limited, and currently runs nine production units in India and Nepal, with a complete production capability of 90.5 million square meters.
Kajaria Ceramics closed the trade session in RS 798.20 on the stock exchange in Mumbai (BSE) on Tuesday, which is 2.9 percent or 23.85 RS after the profit was announced.
