Somany Ceramics Limited has informed the Exchange that Board of Directors at its meeting held on May 07, 2025, recommended Final Dividend of 3 per equity share.
SOMANYCERA · price
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Somany Ceramics' Board has recommended a Final Dividend of Rs. 3 per share (150% on face value of Rs. 2) for FY25, subject to shareholder approval at the AGM on 18 September 2025. Standalone revenue from operations rose to Rs. 2,56,943 lakhs while standalone net profit declined to Rs. 8,496 lakhs (from Rs. 10,378 lakhs in FY24), with EPS at Rs. 20.89 vs Rs. 24.64. On a consolidated basis, net profit fell sharply to Rs. 5,798 lakhs (from Rs. 9,938 lakhs), partly due to exceptional losses from divesting two subsidiaries — Acer Granito and Amora Tiles — effective 1 December 2024. The Board also approved a modification to the MOA to add a new object clause covering power generation and renewable energy business, and appointed Grant Thornton Bharat LLP as the internal auditor for FY26. Mr. Anuj Kalia replaces Mr. Ambrish Julka as Company Secretary and Compliance Officer from 8 May 2025.
The dividend is a small positive for income-seeking shareholders, but the sharp drop in consolidated profit and absence of growth in standalone earnings may temper near-term sentiment. The move into the renewable energy/power business via MOA amendment signals a strategic diversification that could be a long-term positive if executed well.