Orient Tiles Lists on NSE
New Delhi, 14 th February 2007: Orient Ceramics And Industries Ltd . an OHSAS 18001, ISO 14001 & ISO 9001 certified Company , has informed that it has got its Equity Shares listed on National Stock Exchange (NSE) w.e.f. 14 th February 2007 under the symbol ORIENTCERA. Its Equity Shares are already listed at Bombay Stock Exchange (BSE) under scrip code no. 530365.
The Company has recently concluded its Bonus Issue in the ratio of 5 : 4 ((Five Bonus Shares for every Four Equity Shares held in the Company) increasing its paid-up capital to Rs. 10.53 crores.
The Company has reported strong financial numbers for the 3 rd quarter ended on 31 st December 2006. The Gross Sales for the quarter stood at Rs. 48.94 crores compared to Rs. 37.73 crores achieved in the corresponding quarter last year registering a growth of 30%. The profit before tax (PBT) for the quarter was Rs. 6.04 crores up 116% from the figure recorded in the corresponding quarter last year.
The Gross Sales for the first nine months of the current Financial Year stood at Rs. 141.04 crores, compared to Rs. 102.72 crores achieved in the corresponding period last year registering a growth of 37%. In the first nine months of the current Financial Year, the Company has crossed the Gross Sales of last Financial Year. The profit before tax (PBT) for nine months stood at Rs 13.59 crores compared to Rs.5.74 crores in the corresponding period last year registering a growth of 137%. Orient expects to end this fiscal with a top line growth rate of 40%, which is more than double that of the industry.
Orient is in the midst of a major Expansion to add manufacturing of ‘Vitrified Tiles' in its Sikandrabad campus. It is expected to commence commercial production, ahead of schedule, in February 2007. After the Expansion, the Capacity of the company will increase by more than 50% to 41,000 sqm per day or 14.75 million sqm per annum
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