Statement of Profit
and Loss
The 11% increase in revenue
from operations (net of
excise) from
`
2177.64 crore
in 2014-15 to
`
2408.81
crore in 2015-16 was largely
volume-led consequent to
the commissioning of tile
manufacturing capacities.
EBITDA (operating profit)
grew by 31% from
`
354.13
crore in 2014-15 to
`
463.36
crore in 2015-16. EBITDA
margin grew from 16.26%
in 2014-15 to 19.24% in
2015-16, a jump of close to
300 bps for the following
reasons:
Ŕ 1PXFS BOE GVFM DPTU GPS
the Company remained
at the previous year’s
level despite a 17%
increase in production
volume, owing to a fall
in imported R-LNG price
during the year.
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in-house production
increased to 88% in
2015-16 against 81%
in 2014-15 enhancing
margins.
There was a 22% increase
in employee costs – from
`
207.32 crore in 2014-15 to
`
252.66 crore in 2015-16
due to increase in the team
strength to manage the
expanding business.
Finance costs increased
from
`
29.39 crore in
2014-15 to
`
36.82 crore in
2015-16 due to a marginal
increase in debts and
loss in foreign currency
transactions. Kajaria’s
interest cover stood at
10.61x in 2015-16 against
10.15x in 2014-15.
Provision for depreciation
increased from
`
55.88 crore
in 2014-15 to
`
72.62 crore
in 2015-16 due to greenfield
and brownfield capacity
addition.
Profit after tax for the year
grew by 31% from
`
175.60
crore in 2014-15 to
`
229.20
crore in 2015-16. Net
margin increased from
8.06% in 2014-15 to 9.52%
in 2015-16.
Analysis of
financial statements
(Based on consolidated financial statements)
At Kajaria, profitable business growth, it happens for an important
reason – the Company does not focus on selling tiles, but addresses
customer aspirations. . 2015-16 was no different – business and profits
registered a double-digit growth, – the latter being higher than the
former.
EBITDA margin (%)
13-14
15.59
14-15
16.26
15-16
19.24
Net margin (%)
13-14
6.79
14-15
8.06
15-16
9.52
Interest cover (x)
13-14
5.83
14-15
10.15
15-16
10.61
Operational surplus
ploughed into business
(
`
crore)
13-14
93.27
14-15
137.45
15-16
181.37
42
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KAJARIA CERAMICS LIMITED
