Somany Ceramics sees 41% profit dip

04 Nov 2024 CW Team

In the second quarter of FY25, Somany Ceramics reported a significant decline in net profit, registering a decrease of 41.28% year-over-year. The company's financial results showed that net profit dropped to ₹16.95 crore, affected by challenges in demand and rising costs across the ceramic industry. Revenue in Q2 also experienced a slight dip, totaling ₹595.7 crore compared to ₹600.5 crore in the same period last year. Somany Ceramics cited rising input costs and subdued market demand as contributing factors to the profit decline, which has impacted operational profitability and constrained growth margins.

The company’s EBITDA showed a decrease of 22.4%, amounting to ₹54 crore, down from ₹69.5 crore in the previous year. Somany Ceramics noted that while the demand for premium tiles remains steady, other segments have faced lower demand, reflecting broader economic pressures affecting consumer spending. To address these challenges, the company is refining its product mix and implementing cost-optimization measures, hoping to stabilize profit margins in the coming quarters.

Amidst a challenging quarter, Somany remains committed to expanding its market presence by focusing on new product launches and investing in technology for increased operational efficiency. The company believes these strategic moves will support future growth and resilience in the face of market volatility.

Real Estate

07 May 2026

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..

NCLAT Quashes Insolvency Proceedings Against Embassy Developments

Embassy Developments Limited has announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the earlier National Company Law Tribunal (NCLT) order admitting insolvency proceedings against the company, thereby quashing the Corporate Insolvency Resolution Process (CIRP).The appellate tribunal’s order overturns the NCLT ruling dated December 9, 2025, under which CIRP proceedings had been initiated against the company. With the latest ruling, all directions arising from the earlier NCLT order stand terminated and the insolvency proceedings against Emba..