Somany Ceramics make high of 71.9 from our buy price of 48.9 |
The company had posted a net profit of Rs 5.75 crore for the quarter ended September 30, 2011, Somany Ceramics said in a statement.
Net sales of the company stood at Rs 256.62 crore for the quarter under consideration as against Rs 206.90 crore for the corresponding period previous fiscal.
Commenting on the results, Somany Ceramics Ltd Joint Managing Director Abhishek Somany said: "The current financial results indicate a healthy top line growth of 24%. This signifies Somany's strong lineage in the Indian ceramic industry."
The company's launch of 80x80 cm and 60x120 cm GVT tile will also add significantly to the value added segment in the coming quarters, he added.