Kajaria Ceramics April-June Profit Up, More Than Doubles Sequentially

Kajaria Ceramics Ltd. reported a 21.3% on-year rise in consolidated net profit for the June quarter to ₹1.09 billion, beating analysts' estimate of ₹865.67 million. The bottom line more than doubled from the previous quarter despite a nearly 10% drop in revenue.

Revenue from operations rose just 0.6% on year to ₹11.03 billion but fell 9.8% sequentially. Other income increased to ₹132.4 million from ₹101.1 million a year ago.

Total expenditure in April-June was ₹9.65 billion, almost flat on year. Finance cost surged 57.3% to ₹51.9 million. The company’s tax outgo stood at ₹396.1 million, up from ₹358 million a year ago.