Somany Ceramics Ltd's Q3FY19 consolidated net profit declines 44.8% yoy to Rs9.16cr

The company’s consolidated revenue in the quarter stood at Rs424.59cr, up 7% yoy.

Feb 11, 2019 05:02 IST India Infoline Research Team

Somany Ceramics Ltd Q3FY19

Consolidated Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 424.59 7.0
EBITDA 39.50 [21.4]
EBITDA Margin (%) 9.3 [336]
Net Profit 9.16 [44.8]
***EBITDA margin change is bps

Somany Ceramics Ltd's Q3FY19 results were almost in line with the estimates on the revenue front. Revenue in the quarter grew 7% yoy to Rs424.59cr against Rs396.72cr in Q3FY18, in line with the estimate of Rs429cr. EBITDA for the quarter declined 21.4% yoy to Rs39.5cr against Rs50.24cr. EBITDA margin declined 336bps yoy to 9.3%. Net profit for the quarter declined 44.8% yoy to Rs9.16cr against Rs16.6cr last year.

• Bathware segment continues to grow at ~26% in Q3FY19 contributing ~11% to overall sales. Sales for the segment was Rs46cr in Q3FY19.
• Commissioning of the south plant is at an advanced stage and likely to commence in time.

Technical View:

Somany Ceramics Ltd ended at Rs328.60, down 20.15 points, or 5.78%, from its previous close of Rs348.75 on the BSE. The scrip opened at Rs354.75 and touched a high and low of Rs354.75 and Rs326, respectively. A total of 43,581 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200-DMA.

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