Somany Ceramics sees 41% profit dip
ECONOMY & POLICY

Somany Ceramics sees 41% profit dip

In the second quarter of FY25, Somany Ceramics reported a significant decline in net profit, registering a decrease of 41.28% year-over-year. The company's financial results showed that net profit dropped to ₹16.95 crore, affected by challenges in demand and rising costs across the ceramic industry. Revenue in Q2 also experienced a slight dip, totaling ₹595.7 crore compared to ₹600.5 crore in the same period last year. Somany Ceramics cited rising input costs and subdued market demand as contributing factors to the profit decline, which has impacted operational profitability and constrained growth margins. 

The company’s EBITDA showed a decrease of 22.4%, amounting to ₹54 crore, down from ₹69.5 crore in the previous year. Somany Ceramics noted that while the demand for premium tiles remains steady, other segments have faced lower demand, reflecting broader economic pressures affecting consumer spending. To address these challenges, the company is refining its product mix and implementing cost-optimization measures, hoping to stabilize profit margins in the coming quarters.

Amidst a challenging quarter, Somany remains committed to expanding its market presence by focusing on new product launches and investing in technology for increased operational efficiency. The company believes these strategic moves will support future growth and resilience in the face of market volatility.

In the second quarter of FY25, Somany Ceramics reported a significant decline in net profit, registering a decrease of 41.28% year-over-year. The company's financial results showed that net profit dropped to ₹16.95 crore, affected by challenges in demand and rising costs across the ceramic industry. Revenue in Q2 also experienced a slight dip, totaling ₹595.7 crore compared to ₹600.5 crore in the same period last year. Somany Ceramics cited rising input costs and subdued market demand as contributing factors to the profit decline, which has impacted operational profitability and constrained growth margins. The company’s EBITDA showed a decrease of 22.4%, amounting to ₹54 crore, down from ₹69.5 crore in the previous year. Somany Ceramics noted that while the demand for premium tiles remains steady, other segments have faced lower demand, reflecting broader economic pressures affecting consumer spending. To address these challenges, the company is refining its product mix and implementing cost-optimization measures, hoping to stabilize profit margins in the coming quarters.Amidst a challenging quarter, Somany remains committed to expanding its market presence by focusing on new product launches and investing in technology for increased operational efficiency. The company believes these strategic moves will support future growth and resilience in the face of market volatility.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000