 "Somany Ceramics soars on robust Q2 results")
Somany Ceramics has soared 17% to Rs 364 on National Stock Exchange after reporting a robust 68% year-on-year (yoy) jump in net profit at Rs 10.50 crore for the quarter ended September 2014 (Q2). The company engaged in ceramic tiles and allied products business had profit of Rs 6.25 crore in previous year quarter.
Total operational income of the company grew 22% to Rs 374 crore in September quarter against Rs 306 crore in the corresponding quarter of previous fiscal.
EBITDA or operating profit margin however remained flat at 6.3% during the recently concluded quarter.
The stock opened at Rs 316 and touched a record high of Rs 366 on NSE. The trading volumes on the counter more than doubled with a combined 432,888 shares changed hands on the counter till 1415 hours on NSE and BSE.
Total operational income of the company grew 22% to Rs 374 crore in September quarter against Rs 306 crore in the corresponding quarter of previous fiscal.
EBITDA or operating profit margin however remained flat at 6.3% during the recently concluded quarter.
The stock opened at Rs 316 and touched a record high of Rs 366 on NSE. The trading volumes on the counter more than doubled with a combined 432,888 shares changed hands on the counter till 1415 hours on NSE and BSE.
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