| Orient Ceramics FY10 net up 82% at Rs 11.59 cr |
| Announcement / New Delhi May 17, 2010, 17:54 IST |
Gross Sales for FY10 at Rs 269.79 crore up 13%
Orient Ceramics & Industries Limited (OCIL), one of the largest manufacturers of Non-Vitrified, Vitrified, Ultra Vitrified and 3rd Fired Decorative Tiles for walls, floors & facades have announced growth of 13% in gross sales at Rs 269.79 crore for FY10. The net profit for FY 10 stood at Rs 11.59 crore, up 82% from Rs 6.37 crore in FY09.
OCIL, reported EBIDTA of Rs 35.08 crore registering growth of 14.5% from Rs 30.65 crore in FY09. The EPS for FY10 stood at Rs 11.01.
| Particulars | FY10 | FY09 | Growth |
| Gross Sales | 269.79 | 238.66 | 13% |
| EBIDTA | 35.08 | 30.65 | 14.50% |
| EBIDTA Margins | 13.80% | 13.70% | |
| PBT | 17.5 | 10.26 | 71% |
| Net Profit | 11.59 | 6.37 | 82% |
| PAT Margins | 4.60% | 2.80% | |
| EPS (Rs) | 11.01 | 6.05 | 82% |
Operational Highlights
• Setting up 4 Company Owned-Company Operated (COCO) showrooms to be opened in June 2010 at M Block Market, GK-II, New Delhi; Crown Interiorz Mall, Faridabad; Manimajra, Chandigarh and Burdwan Road, Kolkata.
• Setting up 5 Franchisees across various cities which will all open in June 2010.
• Plans to open more than 100 Showrooms in 2010-11; including COCOs, Exclusive Franchisees, Shops-in-Shops by the end of the current financial year. Around 20 will be operational in Q1.
• OCIL has developed extraordinarily beautiful floor and wall tiles offered in its brands like ‘Orient Tiles’ ‘Europa’ and ‘Stiler’. Orient has a design office in Spain where the latest design techniques are used by the experienced team of Spanish designers.
• OCIL has set up international business division (IBD) in Q4 and has already exported to more than 5 countries. Export volumes are expected to increase manifold in 2010-11.
The net profit for fourth quarter ended march 31, 2010 stood at Rs 5.52 crore; up 194% in the corresponding period last fiscal. The gross sales for Q4FY stood at Rs 86.02 crore, up 29% from Rs XX crore in Q4FY09. EBIDTA for Q4FY10 stood at Rs 12.44 crore up 57% and EPS at Rs 5.24.
| Particulars | Q4FY10 | Q4FY09 |
