Orient Ceramics FY10 net up 82% at Rs 11.59 cr

Orient Ceramics & Industries Limited (OCIL), one of the largest manufacturers of Non-Vitrified, Vitrified, Ultra Vitrified and 3rd Fired Decorative Tiles for walls, floors & facades have announced growth of 13% in gross sales at Rs 269.79 crore for FY10. The net profit for FY 10 stood at Rs 11.59 crore, up 82% from Rs 6.37 crore in FY09. 

OCIL, reported EBIDTA of Rs 35.08 crore registering growth of 14.5% from Rs 30.65 crore in FY09. The EPS for FY10 stood at Rs 11.01. 

Particulars	FY10	FY09	Growth
Gross Sales	269.79	238.66	13%
EBIDTA	35.08	30.65	14.50%
EBIDTA Margins	13.80%	13.70%
PBT	17.5	10.26	71%
Net Profit	11.59	6.37	82%
PAT Margins	4.60%	2.80%
EPS (Rs)	11.01	6.05	82%

Operational Highlights 

• Setting up 4 Company Owned-Company Operated (COCO) showrooms to be opened in June 2010 at M Block Market, GK-II, New Delhi; Crown Interiorz Mall, Faridabad; Manimajra, Chandigarh and Burdwan Road, Kolkata. 

• Setting up 5 Franchisees across various cities which will all open in June 2010. 

• Plans to open more than 100 Showrooms in 2010-11; including COCOs, Exclusive Franchisees, Shops-in-Shops by the end of the current financial year. Around 20 will be operational in Q1. 

• OCIL has developed extraordinarily beautiful floor and wall tiles offered in its brands like ‘Orient Tiles’ ‘Europa’ and ‘Stiler’. Orient has a design office in Spain where the latest design techniques are used by the experienced team of Spanish designers. 

• OCIL has set up international business division (IBD) in Q4 and has already exported to more than 5 countries. Export volumes are expected to increase manifold in 2010-11. 

The net profit for fourth quarter ended march 31, 2010 stood at Rs 5.52 crore; up 194% in the corresponding period last fiscal. The gross sales for Q4FY stood at Rs 86.02 crore, up 29% from Rs XX crore in Q4FY09. EBIDTA for Q4FY10 stood at Rs 12.44 crore up 57% and EPS at Rs 5.24. 

Particulars

Q4FY10

Q4FY09

ce="Tahoma" color="#