Somany Ceramics Standalone Net Profit Increases by 45.5% to INR 20.18 Crores in Q3 of FY‘16-17

Posted by: at 1/24/2017 02:28:00 am


Bangalore, 24th January 2017: Somany Ceramics Limited, the leading manufacturer of wall and floor tiles, sanitaryware and bath fittings in India, posted robust earnings for the quarter that ended on December 31st 2016. Gross Sales rose by 1.3% to INR 435.50 crores during the quarter as compared to INR 429.86 crores in corresponding period of last fiscal.  Profit after Tax stood at INR 20.18 crores during the quarter. 

Somany Ceramics Standalone Net Profit Increases by 45.5% to INR 20.18 Crores in Q3 of FY‘16-17


Commenting on the performance of Q3, Mr. Abhishek Somany, Managing Director, Somany Ceramics Ltd., said, “Our continued efforts in driving innovation through research and development has played a strategic role and resulted in a holistic impact on the business. We launched a host of innovative products such as the French Collection, which marks our entry into the smart bathroom category, and the exquisite faux-wood collection of Duragres Planks. We are confident that these products will propel our growth further. The bold step of demonetisation by the Government impacted markets adversely during the quarter, however the pain is likely to subside in medium to long term and should benefit the branded players going forward. Despite the adverse market conditions our performance for this quarter remained satisfactory.”

Key Highlights of Q3’ FY16-17:

·         Gross Sales at INR 435.50 crores up by 1.3%
·         PBT at INR 31.52 crores up by 47.8%
·         PAT at INR 20.18 crores up by 45.6%

Financial numbers at a glance:

Particulars
Q3’ FY16
Q3’ FY15
Growth (YOY)
Gross Sales
435.50
429.86
1.3%
PBT
31.52
21.32
47.8%
PAT
20.18
13.86
45.6%
Cash Profit
28.64
19.40
47.6%
Basic EPS
4.76
3.53
34.8%
                                                                   
All figures are in INR crore, except EPS & Growth


About Somany Ceramics Limited:
Somany Ceramics Limited is one of the leading players in the ceramic industry in India. The brand SOMANY has adorned homes with delight, exuberance and vivaciousness resounding with the quality, strength and life of its products for over four decades. The company is a complete solution provider in terms of décor solutions with widest product selection categories – Ceramic Wall and Floor, Polished Vitrified Tiles, Glazed Vitrified Tiles, Sanitaryware and Bath Fittings. It is India’s third largest manufacturer and marketer of tiles through its pan India presence and also exports its products to more than 55 countries across 6 continents. It has access to tiles manufacturing capacity of 60 million square meters through two owned units (Kadi, Gujarat and Kassar, Haryana), seven associates/subsidiary companies and also other outsource vendors. Its innovative VC Shield (a patented “Veil Craft” technology which renders a specially treated coating that protects tiles against abrasion, scratches and stains) and Slip Shield (a unique coating technology which gives anti-skid property to ceramic tiles) ranges stand testimony to technological prowess. Somany is listed on the NSE and BSE, and has over 7,000 shareholders.

BSE Code – 531548
NSE Code – SOMANYCERA
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