BWI: Results Overview 4th Quarter/ Financial Year Ended March 2009 Vs March 2008

Press release from Business Wire India
Source: Kajaria Ceramics Ltd
Tuesday, May 05, 2009 05:32 PM IST (12:02 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
Release no: 19869
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Results Overview 4th Quarter/ Financial Year Ended March 2009 Vs March 2008


New Delhi, Delhi, India, Tuesday, May 05, 2009 -- (Business Wire India) -- Total Income from operations increased 15% to Rs.189.47 crores from Rs.164.96 crores reported in the corresponding quarter. For the year ended it increased by 31% at Rs.691.20 crores from Rs.528.90 crores reported in the corresponding previous year.

EBIDTA for the quarter grew to Rs. 28.23 crores from Rs. 20.25 crores showing a growth of 39% .The EBITDA for the year ended March 2009 has increased to Rs 95.93 crore from Rs. 83.42 crores with a growth of 15%.

The Net Profit after tax in the present quarter were at Rs. 0.57 crore as against Rs. 4.66 crores in the corresponding previous quarter. The Net Profit after tax during current year stood at Rs. 8.90 crore as against Rs. 15.02 crore in the corresponding previous year.

The decline in net profit has arisen because of increase in Interest cost due to general increase in PLR of all the banks and sudden rise in cost of overseas refinance credit and foreign currency rate fluctuation with regard to import business. Going forward the company expects decline in the interest cost because of falling inflation and improved liquidity situation in the country and stabilized overseas credit cost.

The company looks forward very promising year ahead both in term of turnover and profitability. The company expects substantial improvement in margin because of imposition of anti dumping duty by the Government on ceramic glazed tiles. The Commerce Ministry has imposed Rs. 137 per sq.mtr as anti dumping duty on ceramic tiles imported from China w.e.f 22nd April 2009.

The company has just entered into an agreement with GAIL for supply of RLNG to its Gailpur plant, which would result in substantial savings in fuel cost as presently the company is using propane which is a much costlier fuel as compared to LNG. The same is expected to come before December 2009.

Also, the company is in the process of commissioning 2.4 msm capacity vitrified tile manufacturing facility at its existing location in Sikandrabad (UP), which is also expected to go on stream by December 2009.

To view the Kajaria Q4 FY-09 Results Table, please click on the link given below:

Kajaria March-2009
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Kajaria - March-2009.XLS
Kajaria - March-2009.XLS


CONTACT DETAILS
Vikas Mahajan, Mutual PR, +91 9953619912, Vikas@mutualpr.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES

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