Somany Ceramics Ltd. Concludes FY16-17 with a Robust Performance in Q4, Profit Up 41%

• Net Profit Increases by 41.0% to INR 86 Crores in FY17 

New Delhi, May 24, 2017: Somany Ceramics Limited, the leading manufacturer of wall and floor tiles, sanitaryware and bath fittings in India, posted a stout earnings for the quarter that ended on March 31, 2017.

Profit Before Tax (PBT) rose by 15.2% to INR 43 crores during the quarter as compared to INR 38 crores in corresponding period of last fiscal, while Profit After Tax (PAT) stood at INR 25 crores during the quarter after providing for exceptional item of about Rs. 4 crores. 

 

Commenting on the performance of Q4, Mr. Abhishek Somany, Managing Director, Somany Ceramics Ltd., said, “This year was a year of strategic accomplishment for Somany Ceramics. Our continued efforts in investing in brand and marketing initiatives besides focusing on improving product mix has led to a good performance this quarter and helped us achieve above average industry performance this fiscal year. The categorical network expansion undertaken by us also played an integral part in the growth strategy that we had charted for Somany Ceramics.”

He further added, “We have recently tripled our sanitaryware production capacity from 3.03 lakh units to 11.50 units per annum and within a year we want to establish our bathroom fittings production plant in India. We are confident that going forward, the continuous hard work will only propel our growth further.”

Key Highlights of Q4’FY17 and FY17:

 

·         Gross Sales at INR 580 crores up by 8.9% in Q4’Fy17 and INR 1910 crores up by 6.7% in FY17

·         PBT at INR 43 crores up by 15.2% in Q4’Fy17 and INR 137 crores up by 44.2% in FY17

·         PAT at INR 25 crores and INR 86 crores in Q4’Fy17 and FY17 respectively

 

Financial numbers at a glance:

 

Particulars	Q4’FY17	Q4’FY16	FY 17	FY 16	Growth (YOY)
Gross Sales	580	533	1910	1790	6.7%
PBT	43	38	137	95	44.2%
PBT after Exceptional Item	39	37	133	91	46.7%
PAT	25	26	86	61	41.0%
Basic EPS (not annualised)	5.90	6.15	20.31	15.33	32.5%

                                                                   

All figures are in INR crore, except EPS & Growth