Somany Ceramics FY15 profit up 73% to Rs 46 cr

Net sales surge 21% to Rs 1,613 cr, company board recommends 100% dividend

Tile maker Somany Ceramics today reported an increase of 32.20 per cent in its standalone net profit at Rs 14.78 crore for the fourth quarter ended March 31, 2015.

It had posted a standalone net profit of Rs 11.18 crore in the same period last year, Somany Ceramics told BSE.

The company's total income on a standalone basis also increased 10.62 per cent to Rs 475.28 crore during the January-March quarter against Rs 429.62 crore a year ago.

For the financial year ended March 2015, Somany Ceramics' net profit on consolidated basis rose 73.22 per cent to Rs 45.94 crore as against Rs 26.52 crore in the previous fiscal.

Its consolidated net sales surged 21.21 per cent to Rs 1,613.35 crore in 2014-15 as against Rs 1,330.95 crore in 2013-14.

Meanwhile, in a separate filing, Somany Ceramics has told BSE that its board has recommended 100 per cent dividend of Rs 2 per share of Rs 2 each for 2014-15.

Shares of Somany Ceramics were trading at Rs 423 on BSE in afternoon trade, up 3.17 per cent from its previous close.