- Kajaria Ceramics announced a Rs 296.7 crore buyback of 21.5 lakh shares at Rs 1,380 each
- The company declared a final dividend of Rs 6 per share with record dates to be announced later
- Q4 net profit surged 262.5% to Rs 156.6 crore from Rs 43.2 crore year-on-year
Kajaria Ceramics Ltd. on Thursday announced a buyback of Rs 296.7 crore along with its fourth quarter results. The company also announced a final dividend of Rs 6 per share.
The tile company is looking to buy back 21.5 lakh shares representing 1.35% of total capital of the company at a price of Rd 1,380 per share taking the total to Rs 296.7 crore. The company is yet to announce the record date for shar buy back.
The record date for the buyback and for the dividend will be announced later, Kajaria Ceramics said in an exchange filing. It also added that the dividend will be paid within 30 days of its declaration at the annual general meeting.
Kajaria Ceramics profit nearly quadruples to Rs 156.6 crore in the fourth quarter of the previous fiscal. This is in comparison to profit of Rs 43.2 crore in the same quarter of the previous fiscal, according to its stock exchange notification on Thursday.
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Revenue of Kajaria Ceramics advanced by 12.4% year-on-year for the three months ended March, reaching Rs 1,373 crore in comparison to Rs 1,222 crore. Operating income, or earnings before interest and taxes rose 90.4% year-on-year to Rs 264 crore. The Ebitda margin expanded to 19.2% from the earlier 11.3% in the previous quarter.
Kajaria Ceramics Q4 Results: Key Highlights (YoY)
- Revenue up 12.4% at Rs 1,373 crore versus Rs 1,222 crore.
- Ebitda rose 90.4% at Rs 264 crore versus Rs 138 crore.
- Ebitda margin at 19.2% versus 11.3%.
- Net profit surges 262.5% at Rs 156.6 crore versus Rs 43.2 crore.
Kajaria Ceramics Share Price Today
The scrip fell as much as 4.71% to Rs 1,171 apiece as of 3:23 p.m., this compares to a 0.75% decline in the NSE Nifty 50 Index. During the day, the stock fell as much as 5.35% to Rs 1,162.40 per share.
It has risen 45.49% in the last 12 months and 20.86% year-to-date.
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