Tiles maker Kajaria Ceramics has reported a jump of 51 per cent in its profit after tax to Rs 8.77 crore for the second quarter ended September 30, over the corresponding period a year ago.
Income from operations of the company also grew by 11 per cent to Rs 192.24 crore in the latest quarter of the current financial year, Kajaria Ceramics said in a statement today.
"Strong performance during the period has been the result of improved margins generated on the back of moving our product mix in favour of value added products and savings in fuel cost, which is a substantial component of overall cost of manufacturing," Kajaria Ceramics Chairman Ashok Kajaria said.
For the half year ended September, the company posted a profit after tax of Rs 14.81 crore, up 82 per cent compared to Rs 8.14 crore of the corresponding period a year earlier.
"We expect to further consolidate on this performance going forward," Kajaria added.
On Friday, shares of Kajaria Ceramics closed at Rs 40.45, down 0.74 per cent on the Bombay Stock Exchange.