Orient Ceramics 2009-10 Net Profit Up H1 51% & Q2 32%

• EPS for FY10 H1 up 50% at Rs.3.53 & Q2 up 31% at Rs. 2.09 
• Net Profit for FY10 H1 up 51% at Rs.3.72 Crores & Q2 up 32% at Rs. 2.20 Crores 
• Net Sales for FY10 H1 up 11% at Rs.115.43 Crores & Q2 up 15% at Rs. 61.28 Crores

Orient Ceramics and Industries Limited (OCIL), India’s leading tile manufacturing company, today announced financial results for the quarter/half year ended 30th September 2009. OCIL’s Profit After Tax (PAT) grew by 51%, standing at Rs 3.72 crore as compared to Rs 2.47 crore in H1FY09. For the Q2 FY10 OCIL’s PAT grew by 32% at Rs. 2.20 Crores as compared to Rs. 1.67 Crore in Q2FY09.

The company reported Profit Before Tax (PBT) of Rs.5.66 crore, up 51% over Rs.3.75 crore for H1FY09. For the Q2 FY10 OCIL’s PBT grew by 26% at Rs. 3.35 Crores as compared to Rs. 2.65 Crore in Q2FY09.The company’s Net Sales for the H1FY10 stood at Rs 115.43 crore. Earnings Per Share (EPS) for H1FY10 stood at Rs 3.53 as compared to Rs 2.35 posted in H1FY09 whereas the EPS for Q2FY10 stood at Rs. 2.09 as compared to s. 1.59 in Q2FY09.

Mr. Vijay Shankar Sharma, Chief Financial Officer, OCIL, says, “We have continued on our growth path, building on our robust performance in the past fiscal. The sustained growth in this quarter is a reflection of the successful implementation of our new financial and management policies.”

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 at an incredible pace. We are participating in Acetech 2009 in Mumbai. This also marks our entry into the west market which holds great potential for us”.

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.

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'.