Pokarna Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 01, 2021 at 06:11 am EDT
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Pokarna Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 1,484.21 million compared to INR 938.27 million a year ago. Revenue was INR 1,490.15 million compared to INR 950.84 million a year ago. Net income was INR 203.99 million compared to INR 209.29 million a year ago. Basic earnings per share from continuing operations was INR 6.58 compared to INR 6.75 a year ago. Diluted earnings per share from continuing operations was INR 6.58 compared to INR 6.75 a year ago.
For the six months, sales was INR 2,538.61 million compared to INR 1,211.52 million a year ago. Revenue was INR 2,550.99 million compared to INR 1,227.92 million a year ago. Net income was INR 244.41 million compared to INR 116.57 million a year ago. Basic earnings per share from continuing operations was INR 7.88 compared to INR 3.76 a year ago. Diluted earnings per share from continuing operations was INR 7.88 compared to INR 3.76 a year ago.
Pokarna Limited is an India-based company, which is principally engaged in the business of quarrying, manufacturing and processing and selling of granite and manufacturing and selling of apparel under the brand name Stanza. The Company's quarries produce colors, which include Acacia, Black Galaxy, Coffee Brown, Flash Blue, Pokarna Green, Sapphire Blue, Seaweed Green, Silver Pearl and Vizag Blue. Its color palette includes over 75 varieties of granite sourced within India in addition to Saudi Arabia and Iran. Its product range includes an array of random slabs, tiles and cultosize. The Companyâs residential project includes UB City, Bangalore; Prestige Golfshire Villas, and Tidel Park. Its commercial projects include Marriott Hotels and Marriott Countyard. The Company also has a retail division for the STANZA brand and produces clothing under that name. The Company has two manufacturing facilities in Telangana and Andhra Pradesh.
POKARNA LIMITED 
