DIRECTORS’
REPORT
Your Directors are pleased to present the 30th Annual Report together with the audited financial statements of your Company for
the financial year ended 31st March 2016.
FINANCIAL RESULTS
The Company’s Financial performance for the year ended on 31st March 2016 is summarised below:
Dear shareholders,
Financial highlights & State of Affairs of the
Company
(The financial discussion is based on Standalone Financial
Statements)
Even as the performance of the housing sector remained
subdued, your Company continued to tread the historic growth
path. Your Company reported a 10% growth in net sales
from Rs 2227 crore in 2014-15 to Rs 2441 crore in 2015-16 –
consequent to the successful implementation of volume-driven
and value-led strategies.
A decline in gas prices and continued focus on streamlining
shop-floor efficiencies strengthened business profitability.
EBIDTA grew by 37% from Rs 286 crore in 2014-15 to Rs 392
crore in 2015-16; the EBIDTA margin improved from 12.84%
to 16.05% over the same period. The profit after tax grew by
40% from Rs 168 crore in 2014-15 to Rs 235 crore in 2015-16.
Consequently, the earnings per share (basic) increased from
Rs 21.80 in 2014-15 to Rs 29.56 in 2015-16.
(Rs. Crores)
Particulars
Standalone
Consolidated
Year ended
31st March 2016
Year ended
31st March 2015
Year ended
31st March 2016
Year ended
31st March 2015
Revenue (Net Sales)
2441
2227
2409
2178
Profit Before Depreciation, Interest and taxes
392
286
463
354
Profit before Tax
351
243
358
270
Tax Expense
117
75
124
85
Profit After Tax (before Minority interest)
235
168
234
185
Minority Interest
-
-
5
9
Profit After Tax (after Minority interest)
235
168
229
176
Balance of Profit & Loss brought forward from
previous year
353
263
372
274
Profit available for appropriation
588
431
601
450
APPROPRIATIONS
Proposed Dividend
40
32
40
32
Dividend Distribution Tax
8
6
8
6
Transferred to General Reserve
60
40
60
40
Surplus Credited to Balance Sheet
480
353
493
372
48
l
KAJARIA CERAMICS LIMITED
