Somany Ceramics Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

May 22, 2024

Somany Ceramics (NSE:SOMANYCERA) Full Year 2024 Results

Key Financial Results

Revenue: ₹25.9b (up 4.6% from FY 2023).
Net income: ₹968.8m (up 36% from FY 2023).
Profit margin: 3.7% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₹23.01 (up from ₹16.83 in FY 2023).

revenue-and-expenses-breakdown — NSEI:SOMANYCERA Revenue and Expenses Breakdown May 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Somany Ceramics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 5.8%.

In the last 12 months, the only revenue segment was Ceramic Tiles and Allied Products contributing ₹25.9b. Notably, cost of sales worth ₹17.2b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹3.24b (42% of total expenses). Explore how SOMANYCERA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India.

Performance of the Indian Building industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Somany Ceramics that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.