25 Jun 2019 | 10:28 PM

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COMPANYNEWS
Somany Ceramics Q4 net profit down 15.91% at Rs 19.77 cr
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Published on 05-21-2019
The company reported standalone net profit of Rs 19.77 crore for the quarter ended March 31 2019 as compared to Rs 23.51 crore in the same period last year registering a year-on-year decline of 15.91 per cent.


Net revenue of the company declined marginally by 2.53 per cent at Rs 510.13 crore in January-March quarter of this fiscal as against Rs 523.35 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 3.45 per cent to Rs 463.48 crore from Rs 480.04 crore in year ago period.


Other Income grew by 47.66 per cent at Rs 7.25 crore versus (Mar`18 Rs 4.91 crore).


Operating Profit surged by 10.53 per cent to Rs 51.53 crore as against Rs 46.62 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 13.36 per cent in March quarter.


Interest grew by 54.95 per cent y-o-y to Rs 6.88 crore while Taxation decreased by 14.06 per cent at Rs 11.49 crore (Mar`18 Rs 13.37 crore).