Orient Ceramics and Industries Limited (OCIL), India’s leading tile manufacturing company, today announced financial results for the quarter ended 30th June 2009. OCIL’s Profit After Tax (PAT) grew by 90%, standing at Rs 1.52 crore as compared to Rs 0.80 crore in Q1FY08.

The company reported Profit Before Tax (PBT) of Rs.2.31 crore, up 110% over Rs.1.10 crore for Q1FY08. The company’s Net Sales for the period stood at Rs 54.30 crore. Earnings Per Share (EPS) for the quarter stood at Rs 1.44 as compared to Rs 0.76 posted in Q1FY08.

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Speaking on the announcement, Mr. Madhur Daga, Executive Director, OCIL, says, “We have managed to insulate our business from the slowdown in the real estate industry and grow profitability significantly. The business is expected to be even better with pick-up in real estate industry.”

About Orient Ceramics
With a credo of delivering excellence and promising quality, the company has state-of-the-art, environment-friendly manufacturing facilities. The company has been accredited with ISO 9001:2000, ISO 14001 and ISO 18001 certifications for the quality control management systems. Orient Tiles clientele comprises of individuals, house builders, architects and institutions across the country. The company has plans to introduce latest designs in the market and to leverage its strong network of over 4000 direct and indirect retailers spread all over the country. The company is also in discussion with international companies for partnership in manufacturing / expanding capacities.

Quality and durability combined with the aesthetics of design and color make Orient Tiles not just a tiles manufacturer but also a company that offers 'extraordinary wall and floor solutions', thus, 'creating tiles with a distinct persona'.

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