Somany Ceramics Ltd., one of the leading tile manufacturers in India, has today announced its financial results for the quarter ended September 30th 2010. The Profit before tax recorded an increase of 15.61% rising to Rs 8.22 crore from Rs. 7.11 crore in the same period last year. The company reported an increase of 30.50% in Net Sales to Rs. 162.54 crore against that of Rs. 124.55 crore in the corresponding quarter last year.
Commenting on the company’s performance, Mr. Abhishek Somany, Joint Managing Director, Somany Ceramics Ltd. Said, “Our current financial results demonstrate a strong demand for company’s own manufactured value added as well as outsourced products. With the new expanded capacity of 2.45 million per annum already in place and a strong vendor base for outsourced products, the company will continue to better its performance in future also.
Speaking on the future outlook of the company he said, “We aim to grow more than 25% in the FY 2010-11 and will invest accordingly for expanding our business operations and upgrading our manufacturing facilities.”
About Somany Ceramics Ltd.
Somany Ceramics Ltd., flagship company of the H.L Somany Group, is one of the leading players in the tiles and sanitary ware industry. Incorporated as Somany Pilkington’s in 1969 by Shri H.L Somany, it later came to be known as Somany Ceramics Limited. In 1971, the very first unit of Somany started production in Kassar, Haryana and the second unit was set up in 1981 in Kadi, Gujarat.
Somany achieved Government recognition for its R&D Department in 1996 (a first in the tile industry) and was the first tile company to be awarded ISO 9002 certification in 1998. It also achieved ISO 14001 in 1999 for environment friendly facilities. Somany also holds patent for Veilcraft Technology, which renders a specially treated coating that protects each tile against abrasion, scratches and stains.
Somany is listed on the NSE and BSE of India with over 3500 shareholders.
