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Somany Ceramics today reported 19.85 per cent rise in net profit at Rs 10.14 crore for the quarter ended March 31, 2013, on the back of robust sales.
It had posted a net profit of Rs 8.46 crore for the corresponding period previous fiscal, the company said in a statement.
Net sales of the company also rose to Rs 333.71 crore for the quarter under review from Rs 275.86 crore in the year ago period.
The company has recommended a dividend payment of Rs 1.20 per equity share of Rs 2 each, for the fiscal ended March 31, 2013.
For the same period, net profit of the company stood at Rs 31.59 crore as against Rs 24.75 crore for the previous fiscal.
Net sales of the company rose to Rs 1,046.24 crore for the year ended March 31, 2013 from Rs 870.36 crore for the last fiscal year.
Commenting on the results, Somany Ceramics Joint Managing Director Abhishek Somany said: “The growth drivers continued to be enhanced brand equity, a diverse product basket moving towards further value addition, better quality and deeper distribution network.”
Shares of the company closed at Rs 85.65 apiece on the BSE, up 2.45 per cent.
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