Tiles maker Somany Ceramics today said its net profit rose by 39.47% to Rs 8.02 crore for the quarter ended September 30, 2012 over the same period in previous fiscal, mainly on value added products.
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.
Shares of Somany Ceramics today closed at Rs 60.50 per scrip, down 1.14% from its previous close.
