Somany Ceramics Q2 Results Live : Somany Ceramics declared their Q2 results on 29 Oct, 2024, revealing a mixed performance for the quarter. The company’s topline showed a modest increase of 1.7% year-over-year, contrasting sharply with a significant decline in profit, which fell by 41.45% compared to the same quarter last year.
In comparison to the previous quarter, Somany Ceramics experienced a robust revenue growth of 15.17%, alongside a notable profit increase of 39.74%. This suggests a temporary bounce-back after a challenging year.
However, the company faced rising costs, as Selling, General & Administrative expenses rose by 2.71% quarter-over-quarter and increased by 8.39% year-over-year, putting further pressure on profitability.
Operating income showed a mixed trend, up by 23.67% from the previous quarter, but down by 20.77% year-over-year, indicating ongoing challenges in maintaining operational efficiency amidst fluctuating demand.
Earnings per Share (EPS) for Q2 stood at ₹4.18, reflecting a 39.33% decline year-over-year, which may concern investors looking for growth indicators.
Investors have been cautious, as Somany Ceramics delivered a -4.17% return in the last week, while showing a modest 3.54% return over the last six months. Year-to-date returns have been disappointing, at -8.92%. The current market cap for Somany Ceramics is ₹2678.56 Cr, with a 52-week high of ₹872.6 and a low of ₹561.2.
Market sentiment appears to be cautiously optimistic, with 17 analysts covering the company. Out of these, 1 analyst has given a Hold rating, 4 analysts have issued Buy ratings, and 12 analysts have recommended a Strong Buy, indicating a consensus recommendation of Strong Buy as of 30 Oct, 2024.
Somany Ceramics Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 666.33 | 578.58 | +15.17% | 655.16 | +1.7% |
| Selling/ General/ Admin Expenses Total | 89.12 | 86.77 | +2.71% | 82.22 | +8.39% |
| Depreciation/ Amortization | 19.16 | 19.17 | -0.05% | 17.62 | +8.74% |
| Total Operating Expense | 629.49 | 548.79 | +14.71% | 608.66 | +3.42% |
| Operating Income | 36.84 | 29.79 | +23.67% | 46.5 | -20.77% |
| Net Income Before Taxes | 24.68 | 18.38 | +34.28% | 39.36 | -37.3% |
| Net Income | 17.16 | 12.28 | +39.74% | 29.31 | -41.45% |
| Diluted Normalized EPS | 4.18 | 2.99 | +39.8% | 6.89 | -39.33% |