Somany Ceramics Q3 net profit rises 26% to Rs 13.86 crore

Tile maker Somany Ceramics today reported an increase of 25.77 per cent in its standalone net profit at Rs 13.86 crore for the third quarter ended December 31, 2015.
It had posted a standalone net profit of Rs 11.02 crore in the October-December period last year, Somany Ceramics said in a statement.
The company's total income from operations, on standalone basis, increased 10.52 per cent to Rs 415.21 crore during the quarter under review as against Rs 375.68 crore of the same period a year ago.
Meanwhile, in a separate filing, Somany Ceramics informed that its board has approved appointment of its Deputy CEO T R Maheshwari as Chief Financial Officer of the company.

Shares of the company today settled 2.97 per cent up at Rs 370.80 per scrip on BSE.