Exxaro Tiles spurts after Unit 1 of Gujarat plant restarts operations

Exxaro Tiles surged 9.37% to Rs 119.05 after the company announced that Unit 1 of Padra plant in Gujarat restarted operations from Wednesday, 28 December 2022.

The Unit 1 of Padra plant was shut for 3-4 weeks owing to planned regular maintenance schedule and associated equipment upgradation work.

Exxaro Tiles announced that the plant restarted from Wednesday, 28 December 2022, on a regular basis after necessary equipment up-gradation and maintenance.

Exxaro Tiles makes ceramic tiles. Through its two main product categoriesdouble-charge vitrified tiles and glazed vitrified tilesit offers vitrified floor tiles. The company currently sells its goods to over 10 countries and has more than 2,000+ touch points across 25 states, mostly in South and West India.

 

Net profit of Exxaro Tiles declined 75.62% to Rs 1.37 crore on 18.90% decline in net sales to Rs 72.54 crore in Q2 September 2022 over Q2 September 2021.

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