Somany Ceramics Q3 net profit down 41 pc to Rs 4.78 crore

Somany Ceramics today reported 41 per cent decline in net profit to Rs 4.78 crore for the third quarter ended December 31, 2013.

The company, a leading player in tiles and sanitaryware industry, had posted a net profit of Rs 8.16 crore in the year-ago period.

The company, however, posted a growth of 6.5 per cent in net sales at Rs 283.54 crore during the quarter under review, against Rs 266.23 crore in the corresponding period of previous year.

Commenting on the results, Somany Ceramics Joint Managing Director Abhishek Somany said: "A month long shutdown of Morbi (Gujarat) due to strike by the tile manufacturers between November and December brought the company's tiles outsourcing business to a standstill during that period. This adversely impacted the top line and bottom line in the third quarter."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture