Somany Ceramics Ltd suffers net loss of Rs 9 cr for Q4FY20

New Delhi: Somany Ceramics Ltd’s suffered consolidated net loss of Rs 9 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of Rs 28 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 31 percent to Rs 353 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 514 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit lunged 64 percent to Rs 19 crore for the entire fiscal 2019-20 as compared to Rs 53 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 6 percent to Rs 1,600 crore for the entire fiscal 2019-20 as compared to Rs 1,708 crore in the previous fiscal.

The consolidated total expenses of the company fell to just Rs 369 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 471 crore in the corresponding quarter of the previous fiscal. The total expenses of the company declined to Rs 1,587 crore in the 2019-20 fiscal as compared to Rs 1,640 crore in the previous fiscal, the company said in a regulatory filing.

 

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