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

RELATED ARTICLES

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E-mail ID will not be published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.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • RBI lowers repo rates despite red flags concerning the economy

    The Reserve Bank of India (RBI) has gambled big time in lowering repo rates by 25 points for the third time in six months.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Wanted: a central higher education scheme

During the one year that he has been at the ...

Rajgopal Nidamboor

The dappled fusion of our existence

Each of us, without exception, goes through a multitude of ...

Gautam Gupta

It’s ethnic wear all the way in Indian fashion

India is one of the most diverse countries in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture