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Mr Ashok Kajaria

Our Bureau

New Delhi, Oct. 11 Kajaria Ceramics has announced a 51 per cent rise in its net profit at Rs 8.77 crore for the second quarter ended September 30, 2009, compared with Rs 5.81 crore in the same period last year due to lower input costs and a change in product mix.

The gross sales for the second quarter also increased 11 per cent at Rs 192.24 crore from Rs 172.55 crore in the same quarter last year.

“The strong performance is because of improved margins on the back of moving our product mix towards value added products and savings in fuel costs, which is a substantial component of the overall cost of manufacturing,” said Mr Ashok Kajaria, Chairman, Kajaria Ceramics.

For the half year ended September 30, 2009, the net profit rose 82 per cent at Rs 14.81 crore, while the gross sales were up 4 per cent at Rs 352.12 crore, said the company.

It also added that a 2.40 million sq m vitrified tile manufacturing facility is expected to start by January, 2010.

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