Somany Ceramics share price rises 9% on robust Q2 numbers

Somany Ceramics share price rises 9% on robust Q2 numbers

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Shares of Somany Ceramics rose 9 percent intraday on November 7 after the company posted robust numbers in the quarter ended September 2019.

The company has reported 41.7 percent YoY jump in its Q2 profit to Rs 6.5 crore versus Rs 4.6 crore, while revenue was up 7.9 percent at Rs 422.2 crore versus Rs 391.4 crore.

The profit included a one-time loss at Rs 26.8 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was up 68.2 percent at Rs 44.7 crore, while EBITDA margin was up 280 bps at 10.6 percent.

At 1217 hrs, Somany Ceramics was quoting at Rs 187.85, up Rs 8.55, or 4.77 percent on the BSE.

The share touched its 52-week high Rs 472 and 52-week low Rs 174.50 on 08 April, 2019 and 09 October, 2019, respectively.

Currently, it is trading 60.18 percent below its 52-week high and 7.71 percent above its 52-week low.Special Thursday Expiry on 10th 7th Nov
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courtsey By – https://www.moneycontrol.com/news/buzzing-stocks/somany-ceramics-share-price-rises-9robust-q2-numbers_13157521.html

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