Pokarna Q3 PAT at Rs.21 crore, up 40%

The company’s revenue (consolidated) stood at Rs. 97 crore, up by 24%

Feb 09, 2016 10:02 IST India Infoline News Service

Pokarna has announced its results for the quarter and nine months ended December 31, 2015.

Financial Highlights:
  • For 9M FY16, the Company’s revenue (consolidated) expanded by 31% to Rs. 292 crore while EBITDA increased by 72% to Rs. 102 crore and PAT increased ~3x to Rs. 46 crore.
  • For Q3 FY16, the Company’s revenue (consolidated) stood at Rs. 97 crore, up by 24%; EBITDA stood at Rs. 40 crore higher by 60% while PAT stood at Rs. 21 crore, growth of 40%
  • For 9M FY16, the Company’s revenue (consolidated) expanded by 31% to Rs. 292 crore while EBITDA increased by 72% to Rs. 102 crore and PAT increased ~3x to Rs. 46 crore.
  •  For Q3 FY16, the Company’s revenue (consolidated) stood at Rs. 97 crore, up by 24%; EBITDA stood at Rs. 40 crore higher by 60% while PAT stood at Rs. 21 crore, growth of 40%
Commenting on the performance, Gautam Chand Jain, Chairman of Pokarna Limited said, “We are pleased with the performance of our stone businesses especially quartz which continued to remain strong, driven by consistent demand across geographies. Further, our diversified and innovative product portfolio coupled with growing brand presence has helped us in negating significant currency headwinds. Looking ahead, while demand for natural stone surfaces continues to remain steady, engineered stone is gaining traction and is emerging as a preferred choice for customers. Awareness of engineered stone surfaces is also gradually picking up in domestic market. We are hopeful that our efforts towards strengthening our distribution reach & increasing the brand visibility should help us better serve the demand”.

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