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Hot Pursuit News

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(16 May 2024, 09:59)

Somany Ceramics surges after Q4 PAT jumps 39% YoY to Rs 34 cr

Somany Ceramics soared 15.47% to Rs 717.50 after the company’s consolidated net profit climbed 38.85% to Rs 33.88 crore in Q4 FY24 as compared with Rs 24.40 crore in Q4 FY23.


Revenue from operations increased 8.34% YoY to Rs 731.81 crore during the quarter.

Profit before tax jumped 50.92% YoY to Rs 51.60 crore in Q4 FY24.

EBITDA stood at Rs 79 crore in the quarter ended 31 March 2024, registering the growth of 30.4% as compared with Rs 61 crore in the quarter ended 31 March 2023. EBITDA margin expanded to Rs 10.9% in Q4 FY24 from 9% in corresponding quarter last year.

On full year basis, the company’s consolidated net profit increased 33.63% to Rs 96.88 crore on 4.57% jump in revenue from operations to Rs 2,577.32 crore in FY24 over FY23.

“We are optimistic about the future, anticipating a positive shift in the domestic demand landscape in the upcoming years, particularly from the second half of the current fiscal. This optimism is underpinned...

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