Somany Ceramics Limited has informed the Exchange about that
As filed · Somany Ceramics Limited has informed the Exchange about thatPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) and in con
What happened
FactSomany Ceramics Limited has informed the Exchange about thatPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) and in continuation of our intimations dated 25th August 2023, 22nd January, 2024 and 16th August 2024, we would like to inform that the Company has further invested Rs. 10,20,00,000/- (Rupees Ten Crores and Twenty Lakhs Only) in M/s Sudha Somany Ceramics Private Limited ("SSCPL"), a…
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
RevisedGross margin increased by 3.2% in Q1 quarter-on-quarter and it declined 1.8% Y-o-Y, largely I would think it is flat.
On a standalone we did reasonably okay although the standalone capacity utilization was also low at 72% whereas the console capacity utilization reduced from 81% to 77%.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- Exports declined to 18,000 crores last year and I think, this year it would be a further decline a couple of t (management committed by FY26)
- We are still guiding for high single digit growth and EBITDA expansion of about a 1%, 1.5%. (management committed by FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%