SOMANYCERA

** 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:

• TO SELL STAKE IN ACER GRANITO

• TO RECEIVE 105.5 MILLION RUPEES FROM SALE

• TO SELL ENTIRE 26.05% STAKE IN ACER GRANITO

Source text: ID:nBSE24brMF

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)

(([email protected];))

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)

(([email protected];))

** 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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