Somany Ceramics Q1 net declines 67 pc to Rs 6 cr

Somany Ceramics today reported a 67.06 per cent decline in its net profit at Rs 6.01 crore for the June quarter on account of lower income.

The company had posted a net profit at Rs 18.25 crore during the same period of the previous fiscal, Somany Ceramics said in a BSE filing.

Total income during the quarter under review stood at Rs 354.10 crore as against Rs 431.29 crore in the year ago period, down 17.89 per cent.

In a separate filing, the company said its CEO G G Trivedi has retired from the post and Deputy CEO and CFO T R Maheshwari has been re-designated as the CEO and CFO.

The company's stock closed 2.82 per cent up at Rs 794.20 on BSE.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)