Kajaria Ceramics

The company posted a good set of numbers for Q4FY15 with consolidated net sales rising 12% (YoY) at Rs.585 crore. Operating costs rose 11%. EBITDA for the quarter was at Rs.103 crore, up 21% and margins came in better at 17.61% v/s 16.32%. The company ended the quarter with a net profit at Rs.52 crore, up 23% and for FY15, net profit was at Rs.176 crore, up 42%.

The company had had decided to put up a 5 msm Greenfield facility of polished vitrified tiles at a new location in Malutana, Distt, Rajasthan. There was a delay in acquiring the land. The civil work has started and the project is expected to commence operations in Q4FY16. The facility at its existing location in Rajasthan for production of 3 MSM Capacity of ceramic wall tiles is nearing completion. The production is expected to commence by June 2015. Its 1 million pieces faucet facility at Gailpur (Rajasthan) commenced  trial run in April’15 and is expected to start commercial production in July’15.