Interim report
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October 16, 2025 BSE Limited P.J. Towers Dalal Street Mumbai - 400 001 The National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Bandra (E) Mumbai - 400 051 Dear Sir/Madam, Re.: Outcome of the Board Meeting and announcements pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’) Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held today, commenced at 12.30 p.m. and concluded at 1.40 p.m., has considered and approved, inter-alia, the followings: 1. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter/half year ended September 30, 2025. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter/half year ended September 30, 2025 prepared in terms of Regulation 33 of the Listing Regulations together with Limited Review Reports of the Statutory Auditors of the Company are enclosed herewith. 2. An Interim Dividend of Rs. 8 per equity share of Re. 1 each for the financial year 2025-26. As intimated earlier, the ‘Record Date’ for determining entitlement of members of the Company for the aforesaid Interim Dividend will be Friday, October 24, 2025. The payment of the said Interim Dividend will be made on/before November 14, 2025. Kindly take the above on your record. Thanking you, For Kajaria Ceramics Limited Ram Chandra Rawat COO (A&T) & Company Secretary Encl.: As above
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Walker Chandiok &_Co LLP Walker Chandiok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kajaria Ceramics Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Kajaria Ceramics Limited ('the Company') for the quarter ended 30 September 2025 and the year to date results for the period 01 April 2025 to 30 September 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143( 10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Offices in Bengaluru , Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identification number AAC·2085 and has its registered office at L-41 Connaught Circus, Outer Circle , New Delhi, 110001, India
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_ Walker Chandiok &.Co LLP Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firy?n No: 001076N/N500013 Manish Agrawal Partner Membership No. 507000 Place: New Delhi Date: 16 October 2025
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STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR TJ-IE QUARTERANO HALF YEAR ENDED 30 SEPTEMBER 2025 PARTICULARS 30 September 2025 (Unaudited) 1. INCOME a) Revenue from operations 1,079.09 b) Other income 21.82 Total income (1) 1,100.91 2.EXPENSES a) Cost of materials consumed 161.70 b) Purchases of stock-in-trade 402.73 c) Changes in inventories of finished goods, stock-in-trade and work-in-progress 21.87 d) Employee benefits expense 92.31 e) Finance costs 2.11 f) Depreciation and amortisation expenses 29.43 g) Power and fuel 145.63 h) Other expenses 82.49 Total expenses (2) 938.27 3. Profit before exceptional items and tax (1-2) 162.64 4. Exceptio nal items - 5. Profit before tax (3+4) 162.64 6. Tax expense: a) Current tax 42.14 b) Deferred tax (0.22) 7. Profit for the period/ year (5-6) 120.72 8. Other comprehensive income Items that will not be reclassified to statement of profit and loss i) Re-measurement of defined benefit plans 0.20 ii) Income-tax relating to items that will not be reclassified to statement of profit and loss (0.05) 9. Total comprehensive income for the period/ year (comprising profit and other comprehensive income for the period/ year) (7+8) 10. Paid up equity share capital (face value: f 1 per share) 11. Other equity 12. Earnings per equity share (EPS): (face value: ~ 1 per share) (EPS for the quarters/periods is not annualised) i) Basic(~) ii) Diluted (~) G c,~P..NDtolr cf s ('> ~ V c;. • r "O ~A~'lf 120.87 15.93 7.58 7.57 Quarter ended 30 June 2025 (Unaudited) 1,007.32 18.64 1,025.96 165.52 383.32 (14.74) 97.72 1.68 28.86 148.54 81.00 891.90 134.06 - 134.06 34.77 (0.38) 99.67 0.20 (0.05) 99.82 15.93 6.26 6.25 A/1.1//C' v' 'r- ::,,. 30 September 2024 (Unaudited) 1,062.49 17.84 1,080.33 174.00 394.50 (4.31) 103.00 2.31 29.13 155.76 100.79 955.18 125.15 - 125.15 32.10 0.15 92.90 0.10 (0.02) 92.98 15.93 5.83 5.82 Kajaria (~ in crores, except per share data) Half Year ended Year ended 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Audited) 2,086.41 2,064.24 4,218.82 40.46 33.42 67.85 2,126.87 2,097.66 4,286.67 327.22 339.93 688.78 786.05 764.13 1,612.47 7.13 (7.10) (21.12) 190.03 204.47 412.30 3.79 3.87 8.88 58.29 60.68 117.22 294.17 300.23 613.63 163.49 189.85 422.88 1,830.17 1,856.06 3,855.04 296.70 241.60 431.63 - - (112.38) 296.70 241.60 319.25 76.91 61.77 117.36 (0.60) 0.36 (2.25 220.39 179.47 204.14 0.40 0.20 0.88 (0.10) (0.05) (0.22) 220.69 179.62 204.80 15.93 15.93 15.93 2,591.67 13.84 11.27 12.82 13.82 11.25 12.81
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UNAUOLTEOSTAJIIOALONE STATEMENT OF ASSETS ANDJ. .. JABILITIES AS AT 30 SEPTEMBER 2025 PARTICULARS ASSETS (1} Non-current assets (a} Property, plant and equipment (b} Right-of-use assets (c} Capital work-in-progress (d} Intangible assets (e) Financial assets (i} Investments (ii} Loans (iii} Other financial assets (f} Non-current tax assets (net} ( g} Other non-current assets (2) Current assets (a} Inventories (bl Financial assets (i} Trade receivables (ii} Cash and cash equivalents (iii} Bank balances other than '(ii}' above (iv} Loans (v} Other financial assets (c} Other current assets Total assets EQUITY AND LIABILITIES Equity (a} Equity share capital (b) Other equity LIABILITIES (1} Non-current liabilities (a} Financial liabilities (i} Lease liabilities (b} Deferred tax liabilities (net} (2) Current liabilities (a} Financial liabilities (i} Borrowings (ii} Lease liabilities (iii) Trade payables a} total outstanding dues of micro enterprises and small enterprises b) total outstanding dues of creditors other than micro enterprises and small enterprises (iv} Other financial liabilities (b} Other current liabilities (c} Provisions (d} Current tax liabilities (net} Total equity and liabilities • notes to the sta nd a ~l See accompanying <' t \ •~A< ~ in crores As at As at 30 Seotember 2025 31 March 2025 Unaudited\ /Audited\ 1,002.07 1,036.23 86.30 96.70 116.74 97.26 0.35 0.49 189.25 181.01 343.91 344.46 267.49 42.82 1.25 1.25 3.45 4.11 2,010.81 1,804.33 365.24 369.85 523.16 502.48 3.98 4.91 538.59 563.99 3.29 3.87 3.04 3.63 28.06 19.24 1 465.36 1,467.97 3,476.17 3,272.30 15.93 15.93 2,756 .11 2,591.67 2,772.04 2,607.60 60.63 69.81 74.21 74.81 134.84 144.62 24.05 2.95 22.12 23.56 31.76 45.90 232.50 258.70 153.17 97.55 58.25 62.66 32.14 27.78 15.30 0.98 569.29 520.08 3,476.17 3,272.30 Kaj~r,l~
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UNAUDITED STANDALONE STATEMENT OF CASH FLOWS FOR THE HALF YEAR E~DED 30 SEPTEMBER 2025 Half Year ended PARTICULARS 30 September 2025 I Unaudited\ A. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 296.70 Adjusted for : Depreciation and amortisation expenses 58.29 Interest income (36.81) Interest expense 3.79 Gain on lease modification (1.11) Share based payments to employees 7.46 Loss on sale/discard of property, plant and equipment 0.89 Subsidy income (0.03) Bad debts written off - Provision/(reversal) for expected credit loss 4.79 Operating profit before working capital changes 333.97 Working capital adjustments: Movement in inventories 4.61 Movement in trade and other receivables (24.76) Movement in other assets (8.85) Movement in trade and other payables (51.47) Movement in provisions 4.76 Cash flow generated from operations (gross) 258.26 Less: taxes paid (net) (62.69) Net cash generated from operations (A) 195.57 B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant & equipment (including capital advances, capital work-in- (43.51) progress, intangible assets and payable towards property plant & equipment) Proceeds from disposal of property, plant and equipment 10.96 Investment in subsidiaries and joint ventures (3.75) Loans given (33.18) Loans received back 33.60 Interest received 37.00 Movement in deposits having original maturity of more than 3 months (net) (203.07) Net cash used in investing activities (B) 1201.951 C. CASH FLOW FROM FINANCING ACTIVITIES Interest paid (1.07) Repayment of short-term borrowings (net) 21.06 Principal payment of lease liabilities (11.86) Interest payment of lease liabilities (2.68) Dividend paid - Net cash generated from/(used in) financing activities (C) 5.45 Net (decrease) in cash and cash equivalents (A+B+C) (0.93) Cash and cash equivalents at the beginning of the period 4.91 Cash and cash equivalents at the end of the period 3.98 Components of cash and cash equivalents at the end of the period Balances with banks - Current accounts 3.48 Cash on hand 0.50 3.98 (f in crores) Half Year ended 30 September 2024 /Unaudited) 241.60 60.68 (31.42) 3.87 - 3.05 4.22 (0.19) 0.65 (0.12) 282.34 (7.92) (24.27) (20.41) 3.75 5.23 238.72 (53.95) 184.77 (60.46) 6.81 (13.55) (72.29) 29.03 28.53 (71.95) (153.88) (1.36) 2.79 (8.74) (2.24) /95.56) (105.11) (74.22) 86.71 12.49 12.05 0.44 12.49 A/V/1C' -.f' C ~ ....... -'»'y * 6 Kajaria ?; r-:t~,- ~d
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Kajaria Notes: 1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 16 October 2025 and subjected to a limited review by the statutory auditors. 2 The above results have been prepared in accordance with the Indian Accounting Standards ('Ind-AS') as notified under the Companies (Indian Account ing Standards) Rules, 2015 (as amended), specified under section 133 of the Companies Act, 2013. 3 The Board of Directors have declared an interim dividend off 8/- per equity share of face value of f1/- each for the financial year 2025-26. 4 During the quarter, the Company has granted 1,35,000 Stock Options to the eligible employee as per the ESOP Scheme 2015 (the 'Scheme'). Each Option granted during the quarter shall entitle the holder to one equity share having face value off 1/- at an Exercise price off 800/-. 5 The Company's business falls within a single business segment in terms of the Indian Accounting Standards 108 'Operating Segments' and hence no additional disclosures are being furnished. 6 Figures of previous period/year have been regrouped/rearranged wherever necessary. The impact of the same is not material to the users of the results. Place: New Delhi Date: 16 October 2025 f~?\ \,J_j°" ~~ KAJAR/A CERAMICS LIMITED Regd Office: SF-11, Second Floor, JMD Regent Plaza, Mehraul i-Gurgaon Road, Village Sikanderpur Ghosi, Gurgaon -122001 (Haryana), Ph: 0124-4081281 Corporate Office: J-1/B-1 (Extn), Mohan Co-operative Industrial Estate, Mathura Road New Delhi-110044 Ph: 91-11-26946409 Fax: 91-11-26949544 , 91-11-26946407 CIN: L26924HR1985PLC056150, E-mail: investors@kajariaceramics.com Webs ite: www.kajariaceramics.com For and on behalf of the Board w-Chairman
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Walker Chandiok &_Co LLP Walker Chandiok & Co LLP L 41 , Con naught Circus, Outer Circle, New Delhi - 110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kajaria Ceramics Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Kajaria Ceramics Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and joint ventures (refer Annexure 1 for the list of subsidiaries, and joint ventures included in the Statement) for the quarter ended 30 September 2025 and the consolidated year to date results for the period 01 April 2025 to 30 September 2025, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'). 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143( 10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. Chartered Accoun tants Offices in Bengaluru, Chandigarh, Chennai , Gurugram, Hyderabad, Kechi, Kolkata, Mumbai, New Delhi, Noida and Pune Walker Chandiok & Co LLP is registered with limited liability with identificat ion number AAC-2085 and has its registered office at L-41 Connaught Circus, Outer Circle, New Delhi, 110001, India
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Walker Chandiok &..Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations , including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial results of eight subsidiaries included in the Statement, whose financial information reflects total assets of z 786.80 crores as at 30 September 2025, and total revenues of z 212.01 crores and z 434.88 crores, total net profit after tax of z 10.50 crores and z17.23 crores, total comprehensive income of z 9.80 crores and z 16.53 crores, for the quarter and year-to-date period ended on 30 September 2025, respectively, and cash outflows (net) of z 9.31 crores for the period ended 30 September 2025, as considered in the Statement. The Statement also includes the Group's share of net profit after tax of z 0.49 crores and z 1.39 crores and total comprehensive income of z 0.49 crores and z 1.39 crores, for the quarter and year-to-date period ended on 30 September 2025, respectively, as considered in the Statement, in respect of three joint ventures, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries/ joint ventures is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. Further, of these subsidiaries/ joint ventures, one subsidiary and three joint ventures are located outside India, whose interim financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiary / joint ventures from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion, in so far as it relates to the balances and affairs of these subsidiary/ joint ventures is based on the review report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the reports of the other auditors. For Walker Chandiok & Co LLP Chartered Accountants Firm Registr I n No: 001076N/N500013 Manish Agrawal Partner Membership No. 507000 Place: New Delhi Date: 16 October 2025
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Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) Annexure 1 List of Subsidiaries included in the Statement 1. Kajaria Vitrified Private Limited 2. Kajaria Infinity Private Limited 3. Kajaria Plywood Private Limited 4. Kajaria Bathware Private Limited 5. Kajaria International DMCC 6. South Asian Ceramic Tiles Private Limited 7. Kajaria Adhesives Private Limited 8. Kajaria Surfaces Private Limited (formerly known as Keronite Tiles Private Limited) 9. Kajaria Sanitaryware Private Limited (step-down subsidiary); and 10. Kerovit Global Private Limited (step-down subsidiary). List of Joint Ventures included in the Statement 1. Kajaria RMF Trading LLC 2. Kajaria UKP LTD; and 3. Kajaria Ramesh Tiles Limited.
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STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RES UL TS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2025 Quarter ended PARTICULARS 30 September 2025 30 June 2025 30 September 2024 (Unaudited) (Unaudited) (Unaudited) 1. INCOME a) Revenue from operations 1,186.01 1,102.74 1,161.81 b) Other income 15.47 13.24 9.87 Total income (1) 1,201.48 1,115.98 1,171.68 2. EXPENSES a) Cost of materials consumed 253.88 259.38 263.80 b) Purchases of stock-in-trade 235.37 220.72 250.55 c) Changes in inventories of finished goods, stock-in-trade and work-in -progress 21.05 (37.65) (17.63) d) Employee benefits expense 130.52 136.01 140.54 e) Finance costs 5.78 5.19 3.35 f) Depreciation and amortisation expenses 41.89 43.64 40.38 g) Power and fuel 215.07 223.95 224.43 h) Other expenses 116.67 113.47 136.64 Total expenses (2) 1,020.23 964.71 1,042.06 3. Profit before share of loss from joint ventures, exceptional items and tax from 181.25 151.27 129.62 continuing operations (1-2) 4. Share of profit/(loss) from joint ventures 0.49 0.90 (2.92) 5. Profit before tax from continuing operations (3+4) 181,74 152.17 126.70 6. Tax expense: a) Current tax 44.85 37.53 34.12 b) Deferred tax 2.34 2.08 0.88 7. Profit for the period/ year from continuing operations 134.55 112.56 91.70 8. Profit before tax from discontinued operations (0.57) (2.25) (6.16) 9. Tax expense of discontinued operations - - - 10. Profit for the period/ year from discontinued operations (0.57) (2.25) (6.16) 11. Profit for the period/ year (7+10) 133.98 110.31 85.54 12. Other comprehensive income (a) Items that will not be reclassified to statement of profit and loss i) Re-measurement of defined benefit plans 0.20 0.20 0.10 ii) Income-tax relating to items that will not be reclassified to statement of profit and loss (0.05) (0.05) (0.02) (b) Items that will be reclassified to statement of profit and loss i) Exchange differences on translation of foreign operations (0.66) (0.04) - ii) Income-tax relating to items that will be reclassified to statement of profit and loss - - - 13. Total comprehensive income for the period/ year (comprising profit and 133.47 110.42 85.62 other comprehensive income for the period/ year) (11+12) ~- -- ~ ) Kajaria (~ in crores, except per share data) Half Year ended Year ended 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Audited) 2,288.75 2,257.60 4,635.07 28.71 19.98 42.74 2,317.46 2,277.58 4,677.81 513.26 516.34 1,067.88 456.09 468.67 990.61 (16.60) (30.64) (92.96) 266.53 275.57 566.12 10.97 6.65 20.03 85.53 82.31 165.40 439.02 437.16 912.38 230.14 256.03 564.86 1,984.94 2,012.09 4,194.32 332.52 265.49 483.49 1.39 (5.22) 0.77 333.91 260.27 484.26 82.38 66.78 127.81 4.42 4.02 8.14 247.11 189.47 348.31 (2.82) (11.61) (48.29) - - - (2.82) (11.61) (48.29' 244.29 177.86 300.02 0.40 0.20 1.44 (0.10) (0.05) (0.29) (0.70) 0.04 0.08 - - - 243.89 178.05 301.25 ~
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Kajaria (' in crores, except per share data) Quarter ended Half Year ended Year ended PARTICULARS 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Profit for the period/ year attributable to: a) Owners of the parent 132.96 108.98 84.27 241.94 174.09 294.35 b) Non controlling interests 1.02 1.33 1.27 2.35 3.77 5.67 Other comprehensive income attributable to: a) Owners of the parent (0.51) 0.11 0.08 (0.40) 0.19 1.18 b) Non controlling interests - - - - - 0.05 Total comprehensive income attributable to: a) Owners of the parent 132.45 109.09 84.35 241.54 174.28 295.53 b) Non controlling interests 1.02 1.33 1.27 2.35 3.77 5.72 14. Paid up equity share capital (face value : f 1 per share) 15.93 15.93 15.93 15.93 15.93 15.93 15. Other equity 2,728.41 16. Earnings per equity share (EPS): (face value: , 1 per share) (EPS for the quarters/ periods is not annualised) i) For continuing operations a) Basic(') 8.39 6.98 5.68 15.37 11.66 21.51 b) Diluted (') 8.37 6.98 5.67 15.35 11.65 21.50 ii) For Discontinued operations a) Basic(') (0.04) (0.14) (0.39) (0.18) (0.73) (3.03) b) Diluted(') (0.04) (0.14) (0.39) (0 18) (0.73) (3.03) iii) For Continued and discontinued operations a) Basic(~) 8.35 6.84 5.29 15.19 10.93 18.48 b) Diluted(~) 8.33 6.84 5.28 15.17 10.92 18.47 □y_,~AfV!1V' "x" i::::. c2 ~ 4.. ....__ /'c,.: ">:>.....,, :..}' * 6 s~r--.; V r; ~~i
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UNAUDITED CONSOLIOA_TED STATEMENT OF ASSETS AND LIABILITIES AS AT 30 SEPTEMBER 2025 (i!' in crores) As at As at PARTICULARS 30 September 2025 31 March 2025 /Unaudited\ /Audited\ (1 l Non-current assets (a) Property, plant and equipment 1,535.13 1,583.92 (b) Right-of-use assets 99.53 100.76 (c) Capital work-in-progress 136.38 108.74 (d) Goodwill 31.94 31.94 (e) Other intangible assets 0.62 0.79 (f) Intangible assets under development 0.12 - (g) Investments accounted for using the equity method 36.11 30.19 (h) Financial assets (i) Investments 3.67 3.67 (ii) Loans 9.20 10.78 (iii) Other financial assets 275.14 50.24 (i) Non-current tax assets (net) 4.88 4.52 (i) Defferred tax assets (net) 1.22 0.78 (kl other non-current assets 3.68 11.31 2,137.62 1,937.64 (2) Current assets (a) Inventories 635.13 618.13 (b) Financial assets (i) Trade receivables 592.18 570.18 (ii) Cash and cash equivalents 8.63 18.87 (iii) Bank balances other than '(ii)' above 538.59 563.99 (iv) Loans 7.21 6.90 (v) Other financial assets 2.61 4.28 (c) Other current assets 47.08 36.21 1,831.43 1,818.56 Total assets 3,969.05 3,756.20 EQUITY AND LIABILITIES Equity (a) Equity share capital 15.93 15.93 (bl Other equity 2,913.70 2,728.41 Equity attributable to owners of the Company 2,929.63 2,744.34 (c) Non- controlling interests 68.10 65.75 2,997.73 2,810.09 LIABILITIES (1) Non-current liabilities (a) Financial liabilities (i) Borrowings 60.90 71.38 (ii) Lease liabilities 67.05 72.87 (bl Provisions 5.90 5.04 (c) Deferred tax liabililies (net) 93.98 89.13 227.83 238.42 (2) Current liabilities (a) Financial liabilities (i) Borrowinqs 138.61 104.56 (ii) Lease liabilities 23.51 25.05 (iii) Trade payables a) total outstanding dues of micro enterprises and small enterprises 80.28 96.42 b) total oulstanding dues of creditors other than micro enterprises 196.54 241.66 and small enterprises (iv) Other financial liabilities 181.87 127.99 (bl Other current liabilities 72.20 81.02 (C) Provisions 34.25 29.85 (d) Current tax liabilities (net) 16.23 1.14 743.49 707.69 Total enuitv and liabilities 3,969.05 3,756.20 See ac:companying notes to the consolidated financial results IO rrv ~ Kaj!!_r,i~
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UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2025 Half year ended PARTICULARS 30 September 2025 (Unaudited) A. CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax from continuing operations 333.91 (Loss) before tax from discontinued operations (2.82) Profit before tax 331.09 Adjustments for : Depreciation and amortisation expense 85.53 Interest income (23.83) Interest expense 10.97 Share in (Profit}/loss of joint venture (1.39) Gain on lease modification (1.11) Unrealised gain on forei!Jn exchange fluctuation (0.95) Share based payments to employees 7.46 Subsidy income (0.03) Bad debts written off - Provision/(reversal) for expected credit loss 4.28 Loss on sale/discard of property, plant and equipment 2.02 Operating profit before working capital adjustments 414.04 Working capital adjustments: Movement in inventories (17.00) Movement in trade and other receivables (25.33) Movement in other assets (10.69) Movement in trade and other payables (78.13) Movement in provisions 5.66 Cash flow generated from operations (gross) 288.55 Less: Income-tax paid (net) 167.76) Net cash generated from operating activities (A) 220.79 B. CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (including capital advances, capital work-in- (62.08) progress, intangible assets and capital creditors) Proceeds from disposal of property, plant and equipment 14.48 Investment in joint ventures (3.76) Proceeds from disposal of non-current investments 4.08 Loans given - Loans repaid 0.57 Interest received 24.37 Movement in deposits having original maturity of more than 3 months (net) 1203.07) Net cash used in invest ing activities (B) 1225.411 C. CASH FLOWS FROM FINANCING ACTIVITIES lnteresl paid (8.03) Proceeds from non-current borrowings Repayment of non-current borrowings (10.48) Proceeds from/(repayment) of current borrowings (net) 34.05 Principal payment of lease liabilities (18.16) Interest payment of lease liabilities (3.00) Dividend paid - Net cash used in financing activities (C) T5.62l Net (decrease)/ Increase in cash and cash equivalents (A+B+C) (10.24) Cash and cash equivalents at the beginning of the period 18.87 Add: Cash and cash equivalents of Keronite Tiles Private Limited as on date of acquisition - Cash and cash equivalents at the end of the period 8.63 Components of cash and cash equivalents at the end of the period Balances with banks - Current accounts 8.04 Cash on hand 0.59 8.63 Kajaria - - Half Year ended 30 September 2024 (Unaudited) 260.27 (11.61) 248.66 82.31 (17.84) 6.65 5.22 (0.55) 3.05 (0.19) 0.65 (0.12) 4.11 331.95 (39.30) (26.65) (43.76) 41.86 6.11 270.21 /59.56) 210.65 (113_02) 7.29 (4.08) - (19.72) - 18.66 169.42) 1180.29 (4.03) 12.74 (3.22) (10.09) (9.94) (2.49) 195.56) 1112.59 (82.23) 98.32 0.16 16.25 15.74 0.51 16.25 ·0v~p.ND1olr 4' :ffe 'o ..., v ,... . <{ ,... I s: 'tJ * * ~A~
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UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS. ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2025 Kajaria PARTICULARS 1.Segment revenue a) Tiles b) Others* Revenue from operations 2. Segment results a) Tiles b) Others* Sub Total Add: Unallocable income Less: Finance costs 3. Profit before share of loss from joint ventures, exceptional items and tax from continuing operations Share of profit/(loss) from joint ventures 4. Profit before exceptional items and tax from continuing operations Exceptional items Profit before tax from continuing operations Tax expenses Net profit for the period/year from continuing operations Profit before tax from discontinued operations Tax expense of discontinued operations. Net profit for the period/year from discontinued operations Profit f'or the period/ year 5. Segment assets a) Tiles b) Others* c) Unallocable assets Total :segment assets 6. Segment liabilities a) Ti1les b) Others* c) Unallocable liabilities Total :segment liabilities 30 September 2025 (Unaudited) 1,083.62 102.39 1,186.01 168.43 3.13 171.56 15.47 5.78 181.25 0.49 181.74 181.74 47.19 134.55 (0.57) (0.57) 133.98 2,970.55 402.08 596.42 3,969.05 515.79 79.15 376.38 971.32 (~ in crores,except per share data) Quarter ended Half Year ended Year ended 30 June 2025 30 September 2024 I 30 September 2025 I 30 September 2024 31 March 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1,011.27 1,071.67 2,094.89 2,076.44 4,248.87 91.47 90.14 193.86 181.16 386.20 1,102.74 1,161.81 2,288.75 2,257.60 4,635.07 138.90 129.00 307.31 255.49 462.69 4.32 (5.90) 7.47 (3.33) (1.91) 143.22 123.10 314.78 252.16 460.78 13.24 9.87 28.71 19.98 42.74 5.19 3.35 10.97 6.65 20.03 151.27 129.62 332.52 265.49 483.49 0.90 (2.92) 1.39 (5.22) 0.77 152.17 126.70 333.91 260.27 484.26 - - - - - 152.17 126.70 333.91 260.27 484.26 39.61 35.00 86.80 70.80 135.95 112.56 91.70 247.11 189.47 348.31 (2.25) (6.16) (2.82) (11.61) (48.29) - .. - - ... (2.25) (6.16) (2.82) (11.61) (48.29) 110.31 85.54 244.29 177.86 300.02 2,750.37 2,837.66 2,970.55 2,837.66 2,751 .26 380.83 376.74 402.08 376.74 377.63 707.90 496.35 596.42 496.35 627.31 3,839.10 3,710.75 3,969.05 3,710.75 3,756.20 561.21 589.87 515.79 589.87 583.26 75.67 90.62 79.15 90.62 93.71 279.55 268.17 376.38 268.17 269.14 916.43 948.66 .- 971.32 948.66 946.11 • Other business segment primarily relates to bathware and sanitaryware business, which is not separately reportable. ~~A~ (!;,r--·-•u1r~ \~□~ 'c"':1 }r7:>.\J ~olf V
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Kajaria Notes: 1 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 16 October 2025 and subjected to a limited review by the statutory auditors. 2 The above results have been prepared in accordance with the Indian Accounting Standards ('Ind-AS') as notified under the Compan ies (Indian Accounting Standards) Rules, 2015 (as amended), specified under section 133 of the Companies Act, 2013. 3 The Board of Directors have declared an interim dividend of~ 8/- per equity share of face value of ~1 /- each for the financial year 2025-26. 4 The Group had discontinued the operations of Kajaria Plywood Private Limited (KPPL), a wholly owned subsidiary due to lack of strategic fit and continued losses in FY 2024-25. The related incomes and expenses have been disclosed under discontinued operations. The particulars of discontinued operations is as follows: Particulars Quarter ended Half Year ended Year ended 30 September 2025 30 June 2025 30 September 2024 30 September 2025 30 September 2024 31 March 2025 {Unaudited) {Unaudited) (Unaudited) {Unaudited) (Unaudited) {Audited) Total income 0.55 1.59 17.46 2.14 35.44 48.77 Total expenses 1.12 3.84 23.62 4.96 47.05 82.56 Profit before exceptional items and tax (0.57) (2.25) (6.16) (2.82) (11.61) (33.79) Less: Exceptional Items - - - 14.50 Profit before tax (0.57) (2.25) (6.16) (2.82) (11.61) (48.29) Less: Tax expense - - - - - - Profit after tax from discontinuina operations (0.57) (2.25) (6.16) (2.82) (11.61) (48.29) 5 During the quarter, the Company has granted 1,35,000 Stock Options to the eligible employee as per the ESOP Scheme 2015 (the 'Scheme'). Each Option granted during the quarter shall entitle the holder to one equity share having face value of~ 1/- at an Exercise price of~ 800/-. 6 Figures of previous period/year have been regrouped/rearranged wherever necessary. The impact of the same is not material to the users of the consolidated financial results. Place: New Delhi Date: 16 October 2025 ~ □<.c.,~A/\1/1,..,..r :::! \.c. ix: 3: .6... ...... ~ 'y c,.:..y * () '>) ~,II.ND/, C, --- -, _, (q~ ·~ KAJARIA CERAMICS LIMITED Regd Office: SF-11, Second Floor, JMD Regent Plaza, Mehrauli-Gurgaon Road, Village Sikanderpur Ghosi, Gurgaon -122001 (Haryana), Ph: 0124-4081281 Corporate Office: J-1/B-1 (Extn), Mohan Co-operative Industrial Estate, Mathura Road New Delhi-110044 Ph: 91-11-26946409 Fax: 91-11-26949544, 91-11-26946407 CIN: L26924HR1985PLC056150, E-mail: investors@kajariaceramics.com Website: www.kajariaceramics.com For and on behalf of the Board Ash~ .,.a....--------- o~n