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E-mail ID will not be published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

  • With RBI’s role diluted, we are moving closer towards a super regulator

    The government and the Reserve Bank of India (RBI) have signed a monetary policy framework agreement last month under which RBI will be committed to b

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

Roopen Roy

The making of a digital Bharat

Exactly 20 years ago, Nicholas Negroponte of MIT Media Labs ...

Rajgopal Nidamboor

The eternal radiance of our being

We sense, we sight, we smell, we touch, we hear, ...

Shona Adhikari

Art world celebrates two ‘new’ Cezannes

The focus moves once more to post-impressionist Paul Cezanne, who ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture