Somany Ceramics Q4 net profit dips 4% to Rs 25 crore

NEW DELHI: Tile maker Somany Ceramics today reported a 4.06 per cent decline in its net profit at Rs 25 crore for the March quarter.

The company had posted a net profit of Rs 26.06 crore during the same period previous fiscal, Somany Ceramics said in a BSE filing.

Total expenses during the quarter under review stood at Rs 519.90 crore as against Rs 483.46 crore in the year ago period.

Somany Ceramics Managing Director Abhishek Somany said: "Our continued efforts in investing in brand and marketing initiatives besides focusing on improving product mix has led to a good performance this quarter".

For the entire fiscal, the company reported a net profit of Rs 86.09 crore compared to Rs 61.06 crore in the 2015-16 fiscal.

Shares of Somany Ceramics closed 1.75 per cent down at Rs 729.90 apiece on BSE.