For me QoQ results were more important than YoY in Pokarna's case to make a reasonable guess about their capacity utilisation.
Its an ordinary set of numbers in the current scheme of things. One doesn't buy a stock only to see YoY growth in results as compared to previous year, but buys and holds on to also see a YoY growth 1 year down the line and this matters more.
QoQ Revenue and PBIT are absolutely flat to marginally negative for the Quartz division. From this a reasonable guess can be made that they are operating at full capacity. And operating at full capacity since last 3 qtrs almost. The March16 B/s did show that some capital expenditure is going on but looks like that hasn't come on steam atleast in Q1 of this FY. Also don't know what would be the capacity addition this year assuming that it is already WIP. They may need new capacity additions in future too again.
The fall in granite PBIT is more steep as compared to the fall in granite revenue. I am not sure what to make of it at this moment.
Hoping that new capacity comes on steam soon. Any growth would come in only by capacity additions now in the quartz segment.
Discl- I hold