KAJARIA CERAMIC LIMITED - RESULTS FOR Q4 & FY 14 - Q4 NET SALES UP 20% ; Q4 NET PROFITS UP 33% YoY- CONSISTENT PROGRESS - FUTURE MORE PROMISING

KAJARIA CERAMICS LIMITED

RESULTS FOR  Q4 FY14 7 FY 14

KAJARIA CERAMICS has performed excellently for the fourth quarter ending March,2014.

The results are in the table below :

Kajaria Ceramics	Q4FY14	Q3FY14	Q4FY13	Q4dif% YoY	Y FY 14	Y FY 13	Y14Dif%YoY
Net Sales	523.9	427.41	437.14	19.85	1838.75	1582.18	16.22
total income	524.27	427.87	437.29	19.89	1840.04	1583.28	16.22
Total expenses	452.23	373.22	379.8	19.07	1606.33	1383.26	16.13
Profit from Operations	72.04	54.65	57.49	25.31	233.71	200.02	16.84
PBT	67.86	45.25	49.02	38.43	199.18	157.71	26.3
net profit	42.11	29.39	30.77	36.85	124.22	104.51	18.86
Dil.EPS	5.54	3.93	4.18	32.54	16.68	14.2	17.46

Net Sales have gone up by 20% for Q4 YoY, and by 16%% for FY 14 YoY.

Net Profit has gone up by 33% for Q4 YoY and by 17.5% for FY 14 YoY.

Kajaria Ceramics has been performing consistently well and is a GOOD BUY for all Medium to Long term Investors.

Kajaria has recommended Dividend of 175%(Rs3.50 per equity share of Rs2/-each).

During the year, the company has allotted 20lacs equity shares of Rs2/-each @ Rs250/-per equity share and 38,85,420 warrants convertible into equity @257.37 on preferential basis to West Bridge Cross over Fund LLC. A sum of Rs.25 crore has been received as an advance towards the warrants. Fund raised by allotment of shares/warrant has been utilized for the purposes approved by the shareholders.

The company has commissioned 3.40 msm anual capacity of glazed vitrified tile at Sikandrabad on 28^th March 2014.

The Board have approved the following proposals:

a)   To Increase stake in M/s Jaxx Vitrified Pvt Ltd(subsidiary) from 51% to 61% for a sum of Rs.3.50crs.

b)   To acquire 51% stake in Taurus Tiles Pvt Ltd, Morbi(Gujarat) by way of subscribing to the equity share capital of the company. Taurus Tiles is in the process of setting up a plant having 5MSM annual capacity of polished vitrified tiles.

c)    To put up a green field facility in Rajasthan for production of 5 MSM annual capacity of polished vitrified tiles.

d)   Toacquire100%stakeinKajariaBathwarePvtLtd,whichplanstoputupafaucetplant havingacapacityof1.5MillionpcsinGailpur,Rajasthan

e)   To sell 64% stake in Kajaria Sanitaryware Pvt Ltd, Morbi to Kajaria Bathware Pvt Ltd.