Somany Ceramics ends higher after turnaround in Q4 numbers

Full year revenues for FY21 were almost flat at Rs1,663cr on COVID impact.

Jun 17, 2021 04:06 IST India Infoline News Service

Somany Ceramics
Shares of Somany Ceramics ended higher after net profit stood at Rs30.97cr in the quarter ended March 2021 as against a net loss of Rs9.32cr during the previous quarter ended March 2020.

The sales increased by 58.81% to Rs561.74cr in the quarter ended March 2021 as against Rs353.72cr during the previous quarter ended March 2020.

The stock ended at Rs532.95 up by Rs43.35 or 8.85% from its previous closing of Rs489.60 on the BSE.

Full year revenues for FY21 were almost flat at Rs1,663cr on COVID impact. The tiles business was impacted by the construction activity and the supply chain constraints. That is now back to pre-COVID levels. Net cash from operations more than doubled to Rs356cr on the back of the profit boost.

Net margins at 6.24% in the Mar-21 quarter was marginally lower than 6.31% in the sequential Dec-20 quarter.

Further, the SEBI approval for the amalgamation of Schablona India into Somany Ceramics has been received.

Related Story

Open Free Demat Account (Rs699)