Kajaria Ceramics has reported a dup of 15.39 per cent in its net consolidated profit during the quarter ended June 30, 2024. Its profit after tax stood at Rs 92.32 crore in Q1 FY25 as against Rs 109.11 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 1,123.88 crore in Q1 FY25, a growth of 4.69 per cent from Rs 1,073.49 crore it recorded in the similar quarter last year.
“Despite the softness in domestic demand being an election led quarter, our tile volumes in Q1FY25 grew satisfactorily by 7.8% year-on-year to 26.98 MSM. With exports momentum likely to sustain and rub-off of strong real estate demand likely to drive improvement in off-take for tiles in FY25, we expect the tiles industry to fare much better than it did in FY24,” said Ashok Kajaria, chairman of the company.
The board has approved disposal of machineries of two lines of ceramic tiles of Unit 1 at Gailpur plant, resulting in reduction of annual production capacity of ceramic tiles to 26.85 MSM from 31.32 MSM, the company said in the regulatory filing.
The board has also approved an investment of Rs. 15 crore to setup a manufacture facility for tile adhesives in Gailpur, Rajasthan. The plant is likely to come onstream by December 2024, it said in its investors presentation.
