Somany Ceramics Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 06:34 am EST
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Somany Ceramics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,087.9 million compared to INR 6,183.6 million a year ago. Revenue was INR 6,149.5 million compared to INR 6,165.1 million a year ago. Net income was INR 221.9 million compared to INR 119.5 million a year ago. Basic earnings per share from continuing operations was INR 5.22 compared to INR 2.81 a year ago. Diluted earnings per share from continuing operations was INR 5.21 compared to INR 2.81 a year ago.
For the nine months, sales was INR 18,455.1 million compared to INR 17,891.8 million a year ago. Revenue was INR 18,628.5 million compared to INR 18,102.8 million a year ago. Net income was INR 660.7 million compared to INR 471.8 million a year ago. Basic earnings per share from continuing operations was INR 15.56 compared to INR 11.11 a year ago. Diluted earnings per share from continuing operations was INR 15.53 compared to INR 11.11 a year ago.
Somany Ceramics Limited is a manufacturer and trader of decor solutions. The Company is engaged in manufacturing ceramic/vitrified wall and floor tiles. It operates through Ceramic Tiles and Allied products segment. It offers a range of products including ceramic tile, floor tiles, polished vitrified tiles, digital tiles, wall tiles, wall claddings, sanitary ware, bathroom fittings, and tile laying solutions. Its wall and floor tiles categories include ceramic, duragres, wall cladding-Novaclad, durastone, and polished vitrified. It offers wall and floor tiles for bedroom, living room, kitchen, bathroom, kidâs room, outdoor and terrace wall cladding. Its allied products include body of hi-flow divertor, body of regular divertor, brass beauty solution, cloth liner and echo bottle trap round. Its tile laying solutions include Ezy Fix, and EZY Grout. Its brands include Somany Duragress, Somany Durastone, Somany Glostra, Somany Vistoso, Somany Vitro, Somany Slipshield and Somany Signature.
SOMANY CERAMICS LIMITED 
