Revenues grew 42 percent to 15.2 billion rupees, cost of sales grew at a faster 53 percent to 10.7 billion rupees and gross profits grew 22 percent to 4.4 billion rupees.
Finance costs grew 154 percent to 596 million rupees.
Profits at its tile business, manufactured by subsidiary Royal Ceramics in which Vallibel One has a 51 percent stake, had fallen to 413 million rupees from 794 million rupees.
Profits from sanitary ware profits rose to 110 million rupees from 63 million rupees a year earlier.Paints lost 13.5 million rupees, from a profit of 7.5 million rupees a year earlier. Profits from financial units rose to 941 million rupees from 841 million.