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products into in-house manufacturing
which facilitated in improving
organisational profitability.
The Company’s interest liability
declined marginally from Rs. 34.46
crore in 2015-16 to Rs. 34.00 crore
in 2016-17. The interest cover
strengthened from 11.47x in 2015-16
to 12.66x in 2016-17. The provision
for depreciation increased by 12%
from Rs. 72.61 crore in 2015-16 to
Rs. 81.39 crore in 2016-17 owing to
the full year depreciation charge on
assets capitalised in the previous year
and the commissioning of capital
projects in the current year.
An increase in net sales coupled
with optimising costs expanded the
Company’s EBIDTA by 8.50% from
Rs. 457.46 crore in 2015-16 to Rs.
496.33 crore in 2016-17. EBIDTA
margin also improved by 51 bps from
18.99% in 2015-16 to 19.50% in
2016-17.
Net profit for the year improved by
9% from Rs. 231.33 crore in 2015-16
to Rs. 252.84 crore in 2016-17; net
margins strengthened by 33 bps from
9.60% in 2015-16 to 9.93% in 2016-
17. This enabled the Company remain
steadfast on its commitment to grow
shareholder value – the management
declared a dividend of Rs. 3 per share.
EBIDTA MARGIN IMPROVED
BY 51 BPS FROM 18.99% IN
2015-16 TO 19.50% IN 2016-17.
2012-13
2013-14
2014-15
2015-16
2016-17
1,734
2,015
2,404
2,696
2,851
Gross sales
(Rs. crore)
2012-13
2013-14
2014-15
2015-16
2016-17
245
285
354
457
496
EBIDTA
(Rs. crore)
2012-13
2013-14
2014-15
2015-16
2016-17
105
124
176
231
253
Net profit
(Rs. crore)
2012-13
2013-14
2014-15
2015-16
2016-17
15.46
15.59
16.26
18.99
19.50
EBIDTA margin
(%)
2012-13
2013-14
2014-15
2015-16
2016-17
149
171
231
304
334
Cash profit
(Rs. crore)
2012-13
2013-14
2014-15
2015-16
2016-17
6.61
6.79
8.06
9.60
9.93
Net profit margin
(%)
027
ANNUAL
REPORT
20
16-17
KAJARIA
CERAMICS
CORPORATE
OVERVIEW
MANAGEMENT
REPORTS
FINANCIAL
STATEMENTS