Hyderabad, January 30, 2025—Pokarna Limited, a leading granite and engineered stone industry player, has reported its unaudited financial results for the third quarter that ended December 31, 2024.
Key Financial Highlights (Standalone)
(₹ in Lakhs unless specified)
Particulars
Q3 FY25
Q3 FY24
QoQ (%)
YoY (%)
Revenue from Operations
667.38
538.27
-21.78%
24.00%
Total Revenue
731.84
793.02
-43.18%
-7.72%
EBITDA
(300.73)
(319.98)
-193.75%
-6.01%
Net Profit / (Loss)
(211.89)
(359.97)
-226.92%
-41.14%
Earnings Per Share (EPS) – Basic
(₹0.68)
(₹1.16)
-41.38%
-
The standalone financials indicate a revenue decline sequentially and annually, with a continued net loss position.
Key Financial Highlights (Consolidated)
(₹ in Lakhs unless specified)
Particulars
Q3 FY25
Q3 FY24
QoQ (%)
YoY (%)
Revenue from Operations
22,361.10
16,460.06
-11.46%
35.86%
Total Revenue
23,437.95
16,664.68
-7.51%
40.58%
EBITDA
6,915.65
3,595.36
0.60%
92.47%
Net Profit
5,059.91
2,123.23
103.60%
138.40%
Earnings Per Share (EPS) – Basic
₹16.29
₹7.44
119.06%
-
On a consolidated basis, Pokarna reported strong revenue growth of 35.86% YoY, and net profit surged 138.40% YoY, reflecting a robust demand environment for its engineered stone segment.
Segment-Wise Performance
Granites Division: Revenue stood at ₹667.38 Lakhs for Q3 FY25, a 24.00% YoY increase but significantly lower QoQ.
Quartz Surfaces Division: Revenue jumped to ₹21,696.10 Lakhs, recording a 36.26% YoY growth, highlighting strong demand for engineered stone products.
Management Commentary
Gautam Chand Jain, Chairman & Managing Director, commented: "We are pleased with our performance this quarter, driven by the strong demand in our Quartz Surfaces segment. Despite challenges in the granite business, our engineered stone division continues to witness robust demand from export markets. We remain focused on operational efficiencies and strategic growth opportunities."
Strategic & Operational Updates
Taxation Impact: The Finance (No.2) Act 2024 withdrew the indexation benefit on long-term capital gains on land, reducing the effective tax rate from 22.88% to 14.30%. This resulted in an additional deferred tax expense of ₹370.24 Lakhs in Q3 FY25.
Forex Impact: The company recorded a foreign exchange gain of ₹902.56 Lakhs in Q3 FY25.
Outlook
Pokarna remains optimistic about its growth trajectory, particularly in the engineered stone business, which continues to show resilience amid macroeconomic fluctuations. The company is focused on capacity expansion, cost optimization, and increasing its global footprint.