Kajaria Ceramics Reports 59% Drop in Q4 Profit Amid Weak Demand and Strategic Changes
Kajaria Ceramics, India's leading tile manufacturer, reported a 59% year-on-year decline in net profit for Q4, falling to ₹43.00 crore from ₹105.00 crore. Despite a slight 1.10% increase in revenue to ₹1,222.00 crore, the company faced profitability challenges with EBITDA dropping 20% to ₹138.10 crore. The company attributed the performance to weak market demand and losses from discontinued plywood operations. Strategic changes include withdrawing a ₹300.00 crore investment in Kajaria Ultima and reducing production capacity at the Sikandrabad plant. Despite the profit drop, Kajaria Ceramics declared a dividend of ₹4.00 per share and maintains a net cash position of ₹424.00 crore.
16Apr 25
Kajaria Ceramics Shares See Major Block Trade Worth ₹34.80 Crore on NSE
A significant block trade of 437,321 shares in Kajaria Ceramics Ltd occurred on the National Stock Exchange, valued at ₹34.80 crore. The shares were traded at ₹795.75 each. While the parties involved remain undisclosed, this large transaction could potentially indicate shifts in ownership or institutional interest in India's largest ceramic tile manufacturer.