Pokama Agrees To Rs 440 Cr Investment To Enhance Its Telangana Manufacturing Facility

Telangana, India - Pokama Engineered Stone Limited (PESL), one of the leaders in the engineered stone premium segment, has revealed plans to spend Rs. 440 crore towards enhancing its production capabilities in its advanced plant located in Mekaguda, Telangana. With the introduction of a Bretonstone line from the Italian manufacturer Breton S.p.A., this expansion will enable the company to produce at a higher scale while maintaining its environmental principles.

The Mekaguda factory, which operated as Unit 2 which was launched in March 2021, was built on the principle that they will at a future time be expanded. The expansion strategy has enabled PESL to successfully install the new production line and integrate it into the company without much impact on day-to-day activities. It has also been possible to enhance the ability of the company to meet the growing requirements of its clients across the globe. PESL will be able to increase volume output through the third Bretonstone line and still focus on quality and sustainable practices aimed at strengthening its foothold in the engineered stone market in the domestic and international sales channels.

The company stated a net profit of Rs. 44.96 crore, which is 37.49 per cent higher than the last year. The total revenue for the quarter increased by 24.33 per cent to Rs. 253.46 crore while EBITDA grew by 20.67 per cent to Rs. 88.29 crores. Earnings Before Interest and Tax (EBIT) grew by 22.44 per cent to Rs. 77.76 crores. The company's Earnings Per Share (EPS) for Q2 numbered Rs. 14.50 which was a growth of 37.49 per cent on Q2 FY24.

Pokarna Limited consolidated total revenue of Rs. 450.8 crore and achieved a net profit of Rs. 78.05 crore for the H1FY2025. As for the previous period, the company's total revenue increased by 22.47 per cent which was Rs. 450.8 crores with an increase of 26.55 per cent in EBITDA which was Rs. 154.10 crores. The EPS for the six-month period went up to Rs. 25.17 which is an over increase of 54.18 per cent in H1 FY24.

As a result, Pokarna's share price also increased significantly and is now trading close to rupees 1070 on the Bombay Stock Exchange (BSE) which is equivalent to an increase of 122 per cent year to date. It has attracted a lot of attention from investors as it came close to its 52-week high close of rupees 1180.40.

The chairman and managing director Gautam Chand Jain established Pokarna Limited in 1991 which has grown to be one of the prominent names in the granite industry of India. Among its peers, it is known as the largest exporter of finished granite out of India's borders while serving clients in Europe, the Middle East, and North America. The granite journey from Pokarna begins with top-grade raw materials sourced from its own quarries and two modern facilities where quarries showcase the company's commitment to quality and precision.

Pokama and Pokarna are the latest companies pioneering engineered stone and granite while aiming to produce exquisite products for the marketplace using sophisticated technology and eco-friendly solutions.