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E-mail ID will not be published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

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

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

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture