Q4FY21 Result Update - Somany Ceramics - ICICI Direct

Somany Ceramics reported strong growth on a benign base (~31% decline in Q4FY20). Tiles sales volumes were up 52% YoY at 16.9 MSM with realisations up 4% YoY at Rs. 293/SCM. Tiles revenues were up 57.8% YoY at Rs. 491.1 crore while bathware revenues were up 58% YoY at Rs. 57 crore. EBITDA, at Rs. 88.9 crore, was up 5.4x YoY, driven by operating leverage and lower other costs. Margins at 15.8%, were up 12 percentage points on a depressed base. PAT was at Rs. 30.3 crore. PAT would have been higher but for a write-off of investments in NCDs of Rs. 18.5 crore in Srei Infra.

For details, click on the link below: Link to the report

Shares of SOMANY CERAMICS LTD. was last trading in BSE at Rs.599.7 as compared to the previous close of Rs. 532.95. The total number of shares traded during the day was 189452 in over 11595 trades.

The stock hit an intraday high of Rs. 616.4 and intraday low of 532.1. The net turnover during the day was Rs. 109100012.

Source : Equity Bulls

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