Kajaria Ceramics Q3 PAT up 2.59% at Rs122.02cr as higher input and inventory costs offset gains

23 Jan 2022 , 06:50 PM

Kajaria Ceramics Ltd reported 27.43% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs1,068.23cr. On a sequential basis, the revenues were higher for the quarter by 9.73%. During the quarter,

Kajaria recorded growth of 27% in tiles at Rs962cr while the sales of bathroom fittings and sanitaryware were up 33.7% at Rs107cr. There was an 8% increase in output from 17.18 MSM to 18.59 MSM over last year.

Sales volumes were up 14% yoy at 25.64 MSM. The company has a negative net debt to equity ratio.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 2.59% at Rs122cr on higher volumes and revenues, although these advantages were largely offset by a surge in input costs and inventory holding costs.

On a sequential basis, the net profits were up 5.06%. During the quarter, the EBITDA was up by 1% yoy but the EBITDA margins were sharply lower by 447 bps due to the pressure created by higher operating costs.

Net margins tapered from 14.19% in the Dec-20 quarter to 11.42% in the Dec-21 quarter. However, return on equity or ROE has gradually tapered higher for the company at 19.25% in Q3

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Financial highlights for Dec-21 compared yoy and sequentially

	Kajaria Ceramics
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,068.23	₹ 838.32	27.43%	₹ 973.55	9.73%
Net Profit (Rs cr)	₹ 122.02	₹ 118.94	2.59%	₹ 116.14	5.06%
Diluted EPS (Rs)	₹ 7.67	₹ 7.48		₹ 7.30
Net Margins	11.42%	14.19%		11.93%