Somany Ceramics Limited · NSE:SOMANYCERA
Somany Ceramics — Q1 FY2024 Earnings Presentation
12 slides from Somany Ceramics's earnings presentation, Aug 10, 2023
Slide 1: Cover letter to stock exchanges for Q1 FY23-24 investor update
10th August, 2023 The General Manager, The Secretary, Corporate Relationship Dept., BSE Ltd. National Stock Exchange of India 1st Floor, New Trading Ring, Rotunda Ltd., Building, Exchange Plaza, 5th Floor, P. J. Towers, Dalal Street, Fort, BandraKurla Complex, Mumbai‐400 001 Bandra (East), Mumbai 40
Slide 2: Investor Update – Q1'Fy24
SOMANY CERAMICS LIMITED Investor Update – Q1’Fy24 August 10, 2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Somany Ceramics Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Message
Message We have achieved volume growth of 8% during Q1, while aiming at a double-digit growth, despite tough market conditions. Capacity utilisation during the quarter was lowest in past many quarters barring pandemic days due to slower than expected demand and high level of inventories coupled with
Slide 5: Performance Snapshot
Performance Snapshot Capacity Production Sales Mix Financial (Standalone) Tiles capacity of ~75 Tiles Production of Tiles volume growth of Sales growth of 7% to ₹ msm p.a. (including 10.80 msm; Own 8% to 15.41 msm 577 crores dedicated outsource plants (6.06 msm) and Own manufacturing PBT and PAT sto
Slide 6: Sales Performance
Sales Performance Tiles Volume (msm) ₹ in crores 577.43 540.04 15.41 11.71 14.25 6.13 58.18 54.04 3.98 125.33 3.55 123.39 4.94 171.39 4.99 168.00 5.71 6.49 188.48 210.82 Q1'Fy23 Q1'Fy24 Q1'Fy23 Q1'Fy24 Own Manufacturing JVs (Tiles) Own Manufacturing JVs (Tiles) Others Tiles Bathware Others Tiles Adh
Slide 7: Working Capital & Net Debt
Working Capital & Net Debt Standalone Consolidated 391 450 361 368 378 234 296 231 220 262 274 245 268 243 237 230 221 221 175 207 260 137 149 184 31 51 39 21 20 31 20 0 Mar'21 Mar'22 Mar'23 Jun'23 Mar'21 Mar'22 Mar'23 Jun'23 Working Capital days Debtors Working Capital days Debtors Inventories Trad
Slide 8: Profit & Loss (Standalone)
Profit & Loss (Standalone) Particulars Q1'Fy24 Q1'Fy23 Growth FY 23 FY 22 Growth Sales 577 540 6.9% 2426 2061 17.8% EBIDTA 40 37 6.3% 147 150 (2.4%) EBIDTA margin 6.8% 6.9% 0.0% 6.0% 7.3% (1.3%) Profit Before Tax 35 32 7.6% 123 117 5.1% PBT margin 6.0% 6.0% 0.0% 5.1% 5.7% (0.6%) Exceptional Item 3 0
Slide 9: Profit & Loss (Consolidated)
Profit & Loss (Consolidated) Particulars Q1'Fy24 Q1'Fy23 Growth FY 23 FY 22 Growth Sales 584 555 5.2% 2465 2083 18.3% EBIDTA 51 45 12.6% 189 207 (8.6%) EBIDTA margin 8.7% 8.1% 0.6% 7.7% 9.9% (2.2%) Profit Before Tax 25 26 (4.7%) 95 126 (24.8%) PBT margin 4.3% 4.7% (0.4%) 3.9% 6.1% (2.2%) Exceptional
Slide 10: Pan India Manufacturing Facilities
Pan India Manufacturing Facilities 1.30 mn pcs @ Derabassi, Punjab (Faucet) 23.32 MSM @ Bahadurgarh, Haryana (Tiles) Tiles Adhesive @ Bahadurgarh, Haryana 10.13 MSM @ Ahmedabad, Tiles Adhesive Gujarat (Tiles) @ Ahmedabad, Gujarat 21.33 MSM @ Morbi, Gujarat (Tiles) 7.08 MSM @ Tirupati, Andhra Pradesh
Slide 11: Shareholding as on 30th Jun'23
Shareholding as on 30th Jun’23 Particulars 30th Jun’23 31st Mar’23 21.7% Promoters 54.8% 54.8% FII 1.6% 1.4% DII 21.9% 22.0% 54.8% 21.9% Others 21.7% 21.8% Equity Shares 4,24,74,208 4,24,74,208 1.6% Equity shares of ₹ 2/- each Promoters FII DII Others
Slide 12: For further information, please contact
For further information, please contact: Mr. Kumar Sunit, Head – Strategy & Investor Relations kumar.sunit@somanyceramics.com www.somanyceramics.com CIN - L40200WB1968PLC224116