Somany Ceramics

May 15 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - DECLARES DIVIDEND OF 2 RUPEES PER SHARE

• SOMANY CERAMICS MARCH-QUARTER CONSOL NET PROFIT 378.2 MILLION RUPEES

• SOMANY CERAMICS MARCH-QUARTER CONSOL SALE OF GOODS 8.12 BILLION RUPEES

Source text: ID:nnAZN4SWK2C

Further company coverage: SOCE.NS

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May 4 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - DECLARED INTERIM DIVIDEND 4 RUPEES PER SHARE

Source text: ID:nBSE4HNyZx

Further company coverage: SOCE.NS

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March 12 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - TO RECEIVE GAS SUPPLIES AT 80% OF AVERAGE CONSUMPTION FROM MARCH 12, 2026

• SOMANY CERAMICS LTD - HAS RECEIVED A COMMUNICATION FROM GAIL (INDIA)

• SOMANY CERAMICS LTD - KASSAR, BAHADURGARH PLANT TO RECEIVE RESTRICTED GAS SUPPLY

• SOMANY CERAMICS LTD - RESTRICTED GAS SUPPLY MAY PARTIALLY IMPACT PRODUCTION AT KASSAR, BAHADURGARH PLANT

• SOMANY CERAMICS LTD - SUPPLIES CONTINUING IN NORMAL COURSE OF BUSINESS DUE TO INVENTORY LEVELS

• SOMANY CERAMICS LTD - IMPACT OF RESTRICTED GAS SUPPLY NOT LIKELY TO BE MATERIAL AT PRESENT

Source text: ID:nBSEbpgN9R

Further company coverage: SOCE.NS

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By Sumit Khanna

MORBI, India, March 6 (Reuters) - India's 650 billion rupees ($7 billion) ceramics and tiles industry risks grinding to a halt as the escalating Middle East conflict crimps fuel supplies, threatening hundreds of thousands of livelihoods, industry officials said.

Morbi, in Prime Minister Narendra Modi's home state of Gujarat in India's west, is one of the world's largest ceramic manufacturing hubs and the backbone of India's tile industry.

The U.S. and Israel's war on Iran has disrupted fuel shipments from the Middle East, hitting an industry that relies on propane and natural gas to fire its kilns.

Many of the cluster's roughly 800 ceramic units, which produce tiles, sanitary ware and other products, have been hit by fuel supply cuts and a pause in exports to the Middle East, the officials said.

Several using propane have already shut or are close to shutting operations due to shortages, while arranging on-site food and lodging to retain workers during the stoppage.

Some companies that depend on natural gas have begun receiving force majeure notices from suppliers, forcing them to suspend production.

"Restarting production without certainty of fuel availability is economically unviable," said Hitesh Detroja, chief of Lexus Granito. "The present situation could possibly be worse than the COVID‑19 period for the industry."

Tiles and bathware maker Asian Granito ASGI.NS said in a filing on Friday that it was evaluating alternative fuels and operational measures to soften the impact.

"If the fuel supply situation does not improve, all ceramic units in Morbi will observe a collective shutdown after March 15," said Manoj Arvadiya, president of the Morbi Ceramic Association.

The industry is also unable to ship finished goods to the Middle East, which normally takes about a quarter of Morbi's 30,000 monthly export containers.

"These shipments have come to a complete halt," said Niraj Kundariya, chief of global sales at Win-Tel Ceramics.

Shipping companies have also hiked freight charges by 20–30 times, making exports unviable, he added.

The industry has also urged the Gujarat state government to allow coal gasifiers - which convert coal into gas used as industrial fuel - as an alternative. Authorities banned them in Morbi in 2019 to curb air pollution.

($1 = 91.69 rupees)

(Writing by Sethuraman NR. Editing by Mayank Bhardwaj and Mark Potter)

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March 5 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SGL RESTRICTS DAILY GAS SUPPLY TO 50% OF THE CONTRACTED QUANTITY

• RESTRICTION MAY TEMPORARILY IMPACT OPERATIONS AT KADI PLANT, GUJARAT

• DOES NOT FORESEE MATERIAL IMPACT ON OVERALL OPERATIONS

Source text: ID:nBSE7MzLmh

Further company coverage: SOCE.NS

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Jan 28 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD DEC-QUARTER CONSOL NET PROFIT 180.1 MILLION RUPEES

• SOMANY CERAMICS LTD DEC-QUARTER CONSOL TOTAL INCOME 6.85 BILLION RUPEES

Further company coverage: SOCE.NS

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July 15 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• COMPLETED ACQUISITION OF 51% EQUITY STAKE IN DURA BUILD CARE

Source text: ID:nBSE2s1yHl

Further company coverage: SOCE.NS

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March 26 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - INVESTS 102 MILLION RUPEES IN SUBSIDIARY SSCPL

Source text: ID:nBSEbQskhk

Further company coverage: SOCE.NS

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** Shares of Somany Ceramics Ltd SOCE.NS fall as much as 4.2% to 484.05 rupees

** Tiles maker reported a 58.1% fall in Q3 consol net profit to 92.9 mln rupees ($1.1 mln), rev grew 5.1% to 6.4 bln rupees

** Weak domestic volumes with higher operating expenses drags profitability - Asian Markets Securities

** Co reported a single digit percentage tiles volume growth in Q3 on the back of tepid retail demand, rising competition, slower-than-expected pickup in govt capex - brokerage

** Stock on track to fall for 9th straight week and 4th straight day

** Mean rating of analysts on the stock is 'strong buy'; their median PT is 746 rupees - data compiled by LSEG

** SOCE last down 1.4%, adding to YTD losses of 20.9%

($1 = 87.4500 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 6 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• DEC-QUARTER CONSOL NET PROFIT 92.9 MILLION RUPEES

• INVESTMENT OF UPTO 105 MILLION RUPEES IN DURA BUILD CARE

• DEC-QUARTER CONSOL TOTAL INCOME 6.47 BILLION RUPEES

Source text: [ID:]

Further company coverage: SOCE.NS

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Jan 15 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - TO SELL 51% STAKE IN AMORA TILES

• SOMANY CERAMICS LTD - DEAL FOR 92.8 MILLION RUPEES

Source text: ID:nNSEbrrCtj

Further company coverage: SOCE.NS

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Oct 29 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS SEPT-QUARTER CONSOL NET PROFIT 171.6 MILLION RUPEES

• SOMANY CERAMICS SEPT-QUARTER CONSOL TOTAL INCOME 6.68 BILLION RUPEES

Source text: ID:nNSE8glHlJ

Further company coverage: SOCE.NS

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** Shares of tile maker Kajaria Ceramics KAJR.NS drop 5% to 1,293 rupees, erasing YTD gains

** Co's Q2 profit fell more-than-expected to 842.7 mln rupees; analysts' avg est was 1.07 bln rupees, according to data compiled by LSEG

** Stock set for worst day since June 4

** Rival Somany Ceramics SOCE.NS down 1.5%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Somany Ceramics SOCE.NS fall as much as 5.9%; last down 2.8% to 751.7 rupees

** Co's Q1 profit fell 15.7% YoY

** Rival Kajaria Ceramics KAJR.NS missed Q1 profit estimates

** SOCE rated "strong buy" on avg, KAJR rated "buy" - LSEG data

** SOCE up ~8% YTD, KAJR up ~13%

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Somany Ceramics SOCE.NS up as much as 17.4% at 729 rupees, their biggest intraday pct gain since June 2020

** SOCE last up 14.4%

** Tiles and sanitaryware manufacturer reports a 26.7% Y/Y jump in its March-qtr consolidated net profit to 308.1 mln rupees ($3.7 mln)

** Gross sales up 8.3% Y/Y at 7.32 bln rupees

** EBITDA margin expands to 10.9% from 9% a year earlier

** More than 273,000 shares traded by 09:32 a.m. IST, 10.9x its 30-day avg; busiest day yet since Aug. 2023

** SOCE on track for a second straight session of gains, if trends hold

** Average rating of 15 analysts covering the stock is "strong buy"; median PT is 885 rupees - LSEG data

** Including session's gain, stock is up 0.7% YTD

($1 = 83.4470 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of India's Kajaria Ceramics KAJR.NS 2.9% after healthy Q3 results

** Stock on track for fourth straight session of gains

** Co's Q3 consol net profit jumped 40%; rev from ops rose 5.6%

** More than 556,000 shares changed hands by 2:56 p.m. IST, 2.3x 30-day avg

** Avg analysts' recommendation on stock is equivalent to "buy," compared to "strong buy" on rival Somany Ceramics SOCE.NS - LSEG data

** Stock fell 1.5% in Q3, vs Somany Ceramics' 3.5% rise

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 29 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• UNIT COMMENCED COMMERCIAL PRODUCTION OF GREENFIELD MANUFACTURING FACILITY OF LARGE FORMAT/SLAB TILE

• UNIT COMMENCED COMMERCIAL PRODUCTION OF MANUFACTURING FACILITY WITH ESTIMATED INVESTMENT 1.85 BILLION RUPEES

• MANUFACTURING FACILITY HAS POTENTIAL TO GENERATE REVENUE OF ABOUT 2.5 BILLION RUPEES PER ANNUM

Source text for Eikon: ID:nBSE9KsGlZ

Further company coverage: SOCE.NS

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Jan 22 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• INVESTED 120 MILLION RUPEES IN SUDHA SOMANY CERAMICS

Further company coverage: SOCE.NS

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** Indian tile makers are facing sluggish domestic demand, but expect improvement in the coming months, brokerage Prabhudas Lilladher says in a note

** Brokerage maintains "accumulate" rating, PT 1,368 rupees on Kajaria Ceramics KAJR.NS, whose rivals include Somany Ceramics SOCE.NS and Cera Sanitaryware CERA.NS

** Retail demand hit by inflation, construction hold-ups due to costlier cement and iron ore delayed industrial demand - note

** Adds that Morbi players dialled down their annual volume forecasts for FY24 after reporting lower volumes in H1 of the fiscal

** Note says tilemakers in Gujarat's Morbi kept prices unchanged in the last half-yr despite 11%-12% rise in gas prices

** Presently, Morbi's power needs are met in 50:50 ratio between propane sources and city distributor Gujarat Gas GGAS.NS

** Buying trends shifting towards premium tiles, slab tiles gradually displacing marble and granite - note

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Somany Ceramics SOCE.NS up as much as 8.7% at 726 rupees, their biggest intraday pct gain since July 12

** Stock on track for second consecutive sessions of gains, if trends hold

** Tiles and sanitary ware manufacturer reports a near two-fold rise in profit of 293.1 mln rupees ($3.52 mln) vs 146.9 mln rupees a year earlier in the quarter ended Sept. 30

** Revenue from operations up 6% at 6.53 bln rupees

** More than 125,000 shares traded by 11:12 a.m. IST, 3.3x its 30-day avg

** Stock currently up 3.4%, pushing YTD gains to 45.5%

($1 = 83.2570 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Nov 8 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD SEPT-QUARTER CONSOL NET PROFIT 293.1 MILLION RUPEES VERSUS 146.9 MILLION RUPEES

• SOMANY CERAMICS LTD SEPT-QUARTER CONSOL GROSS SALES 6.53 BILLION RUPEES VERSUS 6.16 BILLION RUPEES

Source text for Eikon: ID:nBSE6lFbQW

Further company coverage: SOCE.NS

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Oct 26 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• APPROVED PROPOSAL FOR BUYBACK OF FULLY PAID UP EQUITY SHARES WITH FACE VALUE 2 RUPEES EACH

• APPROVED BUYBACK PRICE OF 850 RUPEES PER SHARE

• TO BUY BACK SHARES WORTH UP TO 1.25 BILLION RUPEES

Source text for Eikon: ID:nNSE5tblcr

Further company coverage: SOCE.NS

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Oct 20 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• WILL CONSIDER A PROPOSAL FOR BUYBACK OF FULLY PAID-UP EQUITY SHARES

Source text for Eikon: ID:nBSE8kKNlH

Further company coverage: SOCE.NS

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Aug 25 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - DECIDED TO MAKE AN INVESTMENT UPTO 330 MILLION RUPEES IN UNIT M/S. SUDHA SOMANY CERAMICS

• SOMANY CERAMICS LTD - PROCEEDS WILL BE UTILIZED FOR EFFICIENT CAPITAL STRUCTURE INCLUDING REPAYMENT OF EXISTING BORROWINGS

Source text for Eikon: ID:nNSE3NqNLr

Further company coverage: SOCE.NS

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Aug 22 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• ENTERED INTO JV WITH CERAPRO NEPAL, OTHER SHAREHOLDERS

Source text for Eikon: ID:nBSEKRmc1

Further company coverage: SOCE.NS

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Aug 10 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• INDIA'S SOMANY CERAMICS JUNE-QUARTER CONSOL NET PROFIT 145.7 MILLION RUPEES VERSUS PROFIT 205.4 MILLION RUPEES

• SOMANY CERAMICS JUNE-QUARTER CONSOL GROSS SALES 5.84 BILLION RUPEES VERSUS 5.55 BILLION RUPEES

Source text for Eikon: ID:nBSE9mGTVJ

Further company coverage: SOCE.NS

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May 24 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• GRANTED ADDITIONAL TIME IN RESPECT FOR INVESTMENT OF UPTO 625 MILLION RUPEES IN CO INCORPORATED IN NEPAL

• INVESTMENT FOR ESTABLISHING MANUFACTURING FACILITY IN NEPAL ON JV BASIS BETWEEN CO, MURARKA GROUP

• COST OF PROJECT 1.25 BILLION RUPEES

Source text for Eikon: ID:nBSE4G9RyV

Further company coverage: SOCE.NS

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May 15 (Reuters) - Somany Ceramics Ltd SOCE.NS:

• SOMANY CERAMICS LTD - TO CONSIDER ISSUANCE OF NON- CONVERTIBLE DEBENTURES, BONDS ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE1bt2M3

Further company coverage: SOCE.NS

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